Exxonmobil Investment Management Inc. TX cut its position in Realty Income Corp. (NYSE:O) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 66,022 shares of the company’s stock after selling 666 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Realty Income Corp. were worth $4,419,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Invictus RG acquired a new position in shares of Realty Income Corp. during the second quarter worth about $105,000. CENTRAL TRUST Co boosted its stake in Realty Income Corp. by 13.3% in the second quarter. CENTRAL TRUST Co now owns 2,197 shares of the company’s stock worth $152,000 after buying an additional 258 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Realty Income Corp. during the second quarter worth $180,000. Rehmann Capital Advisory Group acquired a new stake in Realty Income Corp. during the second quarter worth $202,000. Finally, WealthTrust Fairport LLC acquired a new stake in Realty Income Corp. during the second quarter worth $202,000. Institutional investors and hedge funds own 70.22% of the company’s stock.
Realty Income Corp. (NYSE:O) traded up 0.80% during trading on Friday, reaching $56.57. 709,371 shares of the company’s stock traded hands. The company has a market cap of $14.63 billion, a P/E ratio of 51.24 and a beta of 0.41. Realty Income Corp. has a 12 month low of $48.37 and a 12 month high of $72.30. The firm’s 50 day moving average is $58.79 and its 200 day moving average is $64.36.
Realty Income Corp. (NYSE:O) last announced its earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $279.57 million. During the same period in the prior year, the business earned $0.70 earnings per share. Realty Income Corp.’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts anticipate that Realty Income Corp. will post $2.86 EPS for the current year.
The business also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.202 per share. The ex-dividend date is Tuesday, November 29th. This represents a dividend yield of 4.36%. Realty Income Corp.’s payout ratio is 220.00%.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Realty Income Corp. from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, November 2nd. RBC Capital Markets reissued a “sector perform” rating and set a $66.00 target price (up previously from $58.00) on shares of Realty Income Corp. in a report on Monday, August 1st. Wunderlich boosted their target price on Realty Income Corp. from $53.00 to $60.00 and gave the stock a “sell” rating in a report on Monday, August 1st. Vetr cut Realty Income Corp. from a “buy” rating to a “hold” rating and set a $61.16 target price on the stock. in a report on Monday, October 10th. Finally, Stifel Nicolaus dropped their target price on Realty Income Corp. from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, November 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $61.70.
About Realty Income Corp.
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.