NN Investment Partners Holdings N.V. reduced its position in Realty Income Corp. (NYSE:O) by 94.8% during the fourth quarter, Holdings Channel reports. The fund owned 37,370 shares of the company’s stock after selling 685,200 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Realty Income Corp. were worth $2,148,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the company. Invictus RG bought a new stake in shares of Realty Income Corp. during the second quarter valued at $105,000. Synovus Financial Corp raised its stake in shares of Realty Income Corp. by 1,745.3% in the third quarter. Synovus Financial Corp now owns 1,956 shares of the company’s stock valued at $131,000 after buying an additional 1,850 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Realty Income Corp. during the second quarter valued at approximately $202,000. WealthTrust Fairport LLC acquired a new stake in shares of Realty Income Corp. during the second quarter valued at approximately $202,000. Finally, Redmond Asset Management LLC acquired a new stake in shares of Realty Income Corp. during the second quarter valued at approximately $212,000. 67.93% of the stock is owned by institutional investors and hedge funds.
Shares of Realty Income Corp. (NYSE:O) traded down 1.00% on Thursday, reaching $59.18. The company’s stock had a trading volume of 1,438,449 shares. The company has a market cap of $15.30 billion, a P/E ratio of 53.61 and a beta of 0.37. The company’s 50 day moving average price is $56.86 and its 200 day moving average price is $62.71. Realty Income Corp. has a 12-month low of $51.72 and a 12-month high of $72.30.
Realty Income Corp. (NYSE:O) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $277.20 million for the quarter, compared to the consensus estimate of $279.57 million. Realty Income Corp. had a return on equity of 5.04% and a net margin of 28.37%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Analysts forecast that Realty Income Corp. will post $1.11 EPS for the current fiscal year.
The business also recently disclosed a feb 17 dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be issued a $0.2105 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a dividend yield of 4.23%. This is an increase from Realty Income Corp.’s previous feb 17 dividend of $0.20. Realty Income Corp.’s payout ratio is currently 220.91%.
Several brokerages recently commented on O. Zacks Investment Research lowered Realty Income Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Raymond James Financial Inc. restated an “underperform” rating on shares of Realty Income Corp. in a research report on Monday, January 9th. Morgan Stanley upgraded Realty Income Corp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 12th. Bank of America Corp. lowered Realty Income Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, December 5th. Finally, Stifel Nicolaus cut their target price on Realty Income Corp. from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Realty Income Corp. currently has a consensus rating of “Hold” and an average price target of $62.35.
Realty Income Corp. Company Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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