IFM Investors Pty Ltd grew its stake in Realty Income Corp (NYSE:O) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,818 shares of the real estate investment trust’s stock after purchasing an additional 2,105 shares during the period. IFM Investors Pty Ltd’s holdings in Realty Income were worth $1,384,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in O. Laurel Wealth Advisors LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $25,000. Pearl River Capital LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $26,000. Cascade Investment Advisors Inc. boosted its stake in shares of Realty Income by 900.0% in the first quarter. Cascade Investment Advisors Inc. now owns 400 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 360 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Realty Income by 43.7% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Finally, Essex Savings Bank purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. 73.52% of the stock is currently owned by institutional investors and hedge funds.
O opened at $68.53 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 4.99 and a beta of 0.19. Realty Income Corp has a one year low of $48.80 and a one year high of $74.14.
The company also recently announced a may 19 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.226 per share. This represents a yield of 3.96%. This is an increase from Realty Income’s previous may 19 dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is presently 84.95%.
A number of analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Co boosted their target price on Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Capital One Financial downgraded Realty Income from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 19th. Citigroup set a $70.00 target price on Realty Income and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Finally, Zacks Investment Research downgraded Realty Income from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Realty Income presently has an average rating of “Hold” and an average target price of $61.83.
About Realty Income
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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