Private Trust Co. NA Raises Position in Realty Income Corp (O)

Private Trust Co. NA increased its stake in Realty Income Corp (NYSE:O) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,691 shares of the real estate investment trust’s stock after purchasing an additional 490 shares during the period. Private Trust Co. NA’s holdings in Realty Income were worth $418,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Realty Income by 43.7% in the 4th 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 during the period. Advisory Services Network LLC grew its holdings in shares of Realty Income by 4.1% in the 4th quarter. Advisory Services Network LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 174 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of Realty Income by 4.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 4,147 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 183 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Realty Income by 2.8% in the 4th quarter. Global Retirement Partners LLC now owns 6,795 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 184 shares during the period. Finally, Kaizen Advisory LLC grew its holdings in shares of Realty Income by 30.2% in the 4th quarter. Kaizen Advisory LLC now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 72.86% of the company’s stock.

O has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Stifel Nicolaus upped their target price on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Capital One Financial lowered shares of Realty Income from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 19th. Wells Fargo & Co upped their target price on shares of Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. They noted that the move was a valuation call. Finally, Citigroup set a $70.00 target price on shares of Realty Income and gave the stock a “hold” rating in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.83.

NYSE:O traded up $0.50 on Friday, hitting $70.58. 778,900 shares of the company’s stock were exchanged, compared to its average volume of 1,910,371. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $20.98 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 5.01 and a beta of 0.19. Realty Income Corp has a 52 week low of $50.24 and a 52 week high of $74.14.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.48. The company had revenue of $342.60 million for the quarter, compared to analysts’ expectations of $330.23 million. Realty Income had a net margin of 27.38% and a return on equity of 4.78%. Realty Income’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. On average, analysts anticipate that Realty Income Corp will post 3.28 earnings per share for the current fiscal year.

The business also recently declared a may 19 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.226 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 3.96%. This is a positive change from Realty Income’s previous may 19 dividend of $0.23. Realty Income’s dividend payout ratio is 84.95%.

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Realty Income Company Profile

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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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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