Today: Today, Assetmark Inc. Reached $1,425,000 position of Realty Income Corp. (O)

Today, Assetmark Inc. Reached $1,425,000 position  of Realty Income Corp. (O)

Assetmark Inc. lowered its stake in shares of Realty Income Corp. (NYSE:O) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,302 shares of the company’s stock after selling 1,694 shares during the period. Assetmark Inc.’s holdings in Realty Income Corp. were worth $1,425,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in O. Vanguard Group Inc. boosted its stake in shares of Realty Income Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 42,640,936 shares of the company’s stock valued at $2,957,575,000 after buying an additional 1,639,015 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Realty Income Corp. by 12.5% in the second quarter. BlackRock Fund Advisors now owns 9,283,036 shares of the company’s stock valued at $643,871,000 after buying an additional 1,032,768 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Realty Income Corp. by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,765,143 shares of the company’s stock valued at $607,950,000 after buying an additional 164,986 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Realty Income Corp. by 22.8% in the second quarter. JPMorgan Chase & Co. now owns 4,255,171 shares of the company’s stock valued at $295,138,000 after buying an additional 790,144 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Realty Income Corp. by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 4,079,708 shares of the company’s stock valued at $273,055,000 after buying an additional 22,517 shares during the period. Institutional investors own 70.22% of the company’s stock.

Shares of Realty Income Corp. (NYSE:O) opened at 56.12 on Friday. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 50.83 and a beta of 0.41. Realty Income Corp. has a one year low of $48.37 and a one year high of $72.30. The company has a 50 day moving average price of $59.02 and a 200-day moving average price of $64.42.

Realty Income Corp. (NYSE:O) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The company earned $277.20 million during the quarter, compared to the consensus estimate of $279.57 million. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. Realty Income Corp.’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS. Equities analysts predict that Realty Income Corp. will post $2.86 earnings per share for the current fiscal year.

The firm also recently disclosed a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.202 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a yield of 4.36%. Realty Income Corp.’s payout ratio is 220.00%.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus reduced their price objective on Realty Income Corp. from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, November 14th. Wunderlich reduced their price objective on Realty Income Corp. from $60.00 to $54.00 and set a “sell” rating on the stock in a research note on Monday, October 31st. Mizuho assumed coverage on Realty Income Corp. in a research note on Thursday, October 13th. They set a “neutral” rating and a $65.00 price objective on the stock. Finally, Vetr raised Realty Income Corp. from a “hold” rating to a “buy” rating in a research note on Saturday, October 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Realty Income Corp. has an average rating of “Hold” and an average target price of $61.70.

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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