Commerce Bank raised its stake in shares of Realty Income Corp (NYSE:O) by 116.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,855 shares of the real estate investment trust’s stock after buying an additional 6,906 shares during the quarter. Commerce Bank’s holdings in Realty Income were worth $731,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of O. Wells Fargo & Company MN grew its position in shares of Realty Income by 1.9% in the 3rd quarter. Wells Fargo & Company MN now owns 2,787,774 shares of the real estate investment trust’s stock valued at $158,597,000 after purchasing an additional 50,765 shares during the period. FCG Advisors LLC acquired a new position in Realty Income during the 3rd quarter worth approximately $237,000. Private Advisor Group LLC boosted its position in Realty Income by 62.0% during the 3rd quarter. Private Advisor Group LLC now owns 51,021 shares of the real estate investment trust’s stock worth $2,903,000 after acquiring an additional 19,529 shares during the last quarter. Financial Sense Advisors Inc. acquired a new position in Realty Income during the 3rd quarter worth approximately $873,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Realty Income by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 20,441 shares of the real estate investment trust’s stock worth $1,163,000 after acquiring an additional 2,852 shares during the last quarter. Institutional investors own 68.44% of the company’s stock.

In related news, Director Gregory Mclaughlin sold 3,100 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $58.00, for a total value of $179,800.00. Following the sale, the director now owns 16,886 shares in the company, valued at approximately $979,388. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $58.56, for a total value of $527,040.00. Following the completion of the sale, the director now owns 18,757 shares in the company, valued at approximately $1,098,409.92. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Shares of Realty Income stock opened at $62.76 on Friday. Realty Income Corp has a 12-month low of $47.25 and a 12-month high of $62.96. The company has a market cap of $18.38 billion, a PE ratio of 20.51, a P/E/G ratio of 4.54 and a beta of -0.01. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The company had revenue of $338.08 million for the quarter, compared to analysts’ expectations of $319.60 million. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Realty Income Corp will post 3.18 earnings per share for the current fiscal year.

The business also recently disclosed a nov 18 dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a dividend of $0.2205 per share. This represents a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 31st. Realty Income’s dividend payout ratio is currently 86.60%.

O has been the subject of a number of recent research reports. Wells Fargo & Co set a $65.00 price target on Realty Income and gave the stock a “buy” rating in a research report on Tuesday, September 4th. ValuEngine raised Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Zacks Investment Research raised Realty Income from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Friday, October 5th. Morgan Stanley downgraded Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 price target for the company. in a research report on Monday, October 1st. Finally, Mizuho set a $58.00 price target on Realty Income and gave the stock a “hold” rating in a research report on Monday, August 13th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Realty Income currently has an average rating of “Hold” and an average target price of $56.78.

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About Realty Income

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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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