Linscomb Wealth Inc. Purchases Shares of 55,104 Realty Income Corporation $O

Linscomb Wealth Inc. acquired a new position in Realty Income Corporation (NYSE:O) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,104 shares of the real estate investment trust’s stock, valued at approximately $3,350,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of Realty Income by 16.4% in the 3rd quarter. Bessemer Group Inc. now owns 9,470 shares of the real estate investment trust’s stock valued at $574,000 after purchasing an additional 1,334 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Realty Income by 133.5% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 79,281 shares of the real estate investment trust’s stock valued at $4,819,000 after buying an additional 45,326 shares in the last quarter. Savant Capital LLC increased its holdings in Realty Income by 0.9% in the third quarter. Savant Capital LLC now owns 24,419 shares of the real estate investment trust’s stock valued at $1,484,000 after buying an additional 209 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Realty Income by 21.3% in the third quarter. Hantz Financial Services Inc. now owns 1,097 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 193 shares during the period. Finally, Telos Capital Management Inc. boosted its stake in shares of Realty Income by 2.2% during the 3rd quarter. Telos Capital Management Inc. now owns 101,673 shares of the real estate investment trust’s stock worth $6,181,000 after acquiring an additional 2,206 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on O shares. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 20th. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Mizuho decreased their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Morgan Stanley boosted their price target on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Wells Fargo & Company increased their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.21.

Realty Income Stock Up 1.5%

NYSE O opened at $63.37 on Friday. Realty Income Corporation has a one year low of $50.71 and a one year high of $63.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The business has a fifty day moving average price of $58.67 and a 200 day moving average price of $58.50. The company has a market cap of $58.29 billion, a P/E ratio of 58.67, a P/E/G ratio of 3.69 and a beta of 0.79.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.