Dimensional Fund Advisors LP boosted its stake in Realty Income Corporation (NYSE:O – Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,018,219 shares of the real estate investment trust’s stock after acquiring an additional 154,581 shares during the period. Dimensional Fund Advisors LP’s holdings in Realty Income were worth $796,457,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of O. EFG International AG purchased a new position in Realty Income during the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. boosted its holdings in shares of Realty Income by 257.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 360 shares during the period. Quattro Advisors LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $29,000. Sankala Group LLC purchased a new position in shares of Realty Income during the fourth quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC grew its position in shares of Realty Income by 622.2% during the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.
Realty Income Stock Down 0.0%
Shares of Realty Income stock opened at $65.70 on Monday. The company has a market cap of $61.26 billion, a P/E ratio of 53.85, a PEG ratio of 5.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The firm has a fifty day moving average of $62.13 and a two-hundred day moving average of $62.45.
Realty Income Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.271 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.
Analyst Ratings Changes
Several analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Wells Fargo & Company lifted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Scotiabank reduced their target price on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group began coverage on Realty Income in a report on Monday, June 1st. They set a “buy” rating and a $69.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.17.
Check Out Our Latest Analysis on Realty Income
Realty Income 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.
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