Carillon Tower Advisers Inc. increased its holdings in Realty Income Corp (NYSE:O) by 70.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,600 shares of the real estate investment trust’s stock after acquiring an additional 12,600 shares during the period. Carillon Tower Advisers Inc.’s holdings in Realty Income were worth $2,250,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in Realty Income in the 4th quarter valued at about $25,000. Pearl River Capital LLC purchased a new stake in Realty Income in the 4th quarter valued at about $26,000. Investors Research Corp purchased a new stake in Realty Income in the 1st quarter valued at about $27,000. Cornerstone Advisors Inc. increased its stake in Realty Income by 245.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 268 shares during the last quarter. Finally, Cascade Investment Advisors Inc. increased its stake in Realty Income by 900.0% in the 1st 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 during the last quarter. Institutional investors own 73.46% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Citigroup set a $70.00 target price on shares of Realty Income and gave the company a “hold” rating in a research report on Tuesday, February 26th. Capital One Financial downgraded shares of Realty Income from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 19th. Wells Fargo & Co increased their target price on shares of Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Stifel Nicolaus increased their target price on shares of Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.55.
Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.43). The business had revenue of $354.40 million during the quarter, compared to the consensus estimate of $335.37 million. Realty Income had a return on equity of 7.65% and a net margin of 28.70%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. On average, equities analysts expect that Realty Income Corp will post 3.3 earnings per share for the current year.
The firm also recently disclosed a may 19 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a $0.226 dividend. This represents a yield of 3.92%. The ex-dividend date of this dividend is Friday, May 31st. Realty Income’s dividend payout ratio (DPR) is presently 84.95%.
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Realty Income 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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