Todays Report: The Northwestern Mutual Investment Management Company LLC invests in Realty Income Corp. (O) Shares

The Northwestern Mutual Investment Management Company LLC invests in Realty Income Corp. (O) Shares

Northwestern Mutual Investment Management Company LLC increased its stake in shares of Realty Income Corp. (NYSE:O) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,828 shares of the company’s stock after buying an additional 267 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Realty Income Corp. were worth $682,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. North Star Investment Management Corp. raised its position in Realty Income Corp. by 2.2% in the second quarter. North Star Investment Management Corp. now owns 4,600 shares of the company’s stock worth $319,000 after buying an additional 100 shares during the last quarter. Creative Planning increased its position in shares of Realty Income Corp. by 10.3% in the second quarter. Creative Planning now owns 42,057 shares of the company’s stock worth $2,917,000 after buying an additional 3,923 shares during the period. Cue Financial Group Inc. purchased a new position in shares of Realty Income Corp. during the second quarter worth approximately $220,000. Gateway Investment Advisers LLC increased its position in shares of Realty Income Corp. by 2.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,688 shares of the company’s stock worth $1,435,000 after buying an additional 474 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Realty Income Corp. by 4.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 220,551 shares of the company’s stock worth $15,297,000 after buying an additional 8,785 shares during the period. Institutional investors and hedge funds own 70.22% of the company’s stock.

Shares of Realty Income Corp. (NYSE:O) traded up 0.80% on Friday, hitting $56.57. 709,371 shares of the company were exchanged. Realty Income Corp. has a 52-week low of $48.37 and a 52-week high of $72.30. The firm has a market cap of $14.63 billion, a P/E ratio of 51.24 and a beta of 0.41. The company has a 50-day moving average price of $58.79 and a 200 day moving average price of $64.36.

Realty Income Corp. (NYSE:O) last issued 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 firm had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $279.57 million. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. Analysts predict that Realty Income Corp. will post $2.86 EPS for the current fiscal year.

The firm also recently disclosed a dec 16 dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid 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%.

A number of brokerages have commented on O. Zacks Investment Research downgraded shares of Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Friday. Wunderlich lifted their target price on shares of Realty Income Corp. from $53.00 to $60.00 and gave the stock a “sell” rating in a research note on Monday, August 1st. Vetr raised shares of Realty Income Corp. from a “strong sell” rating to a “strong-buy” rating and set a $84.79 target price on the stock in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $66.00 target price (up from $58.00) on shares of Realty Income Corp. in a research note on Monday, August 1st. Finally, Royal Bank Of Canada lifted their target price on shares of Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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