Cbre Clarion Securities LLC purchased a new stake in Realty Income Corp (NYSE:O) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 444,782 shares of the real estate investment trust’s stock, valued at approximately $22,177,000.

A number of other institutional investors have also recently bought and sold shares of O. Norges Bank bought a new position in Realty Income during the fourth quarter worth about $223,480,000. Waratah Capital Advisors Ltd. boosted its holdings in Realty Income by 101.9% during the first quarter. Waratah Capital Advisors Ltd. now owns 27,831 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 1,508,031 shares during the last quarter. Prudential PLC bought a new position in Realty Income during the first quarter worth about $57,035,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Realty Income by 50.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,869,688 shares of the real estate investment trust’s stock worth $143,083,000 after buying an additional 966,903 shares during the last quarter. Finally, State Street Corp boosted its holdings in Realty Income by 4.1% during the first quarter. State Street Corp now owns 22,585,473 shares of the real estate investment trust’s stock worth $1,131,233,000 after buying an additional 886,991 shares during the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.

A number of brokerages have issued reports on O. Morgan Stanley upgraded Realty Income from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, May 4th. Raymond James dropped their price target on Realty Income from $84.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. DA Davidson dropped their price target on Realty Income from $90.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Wells Fargo & Co dropped their price target on Realty Income from $82.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, Citigroup lowered Realty Income from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $87.00 to $49.00 in a research report on Tuesday, April 7th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Realty Income presently has an average rating of “Buy” and an average target price of $71.00.

Shares of NYSE O traded up $2.91 during midday trading on Wednesday, hitting $60.11. 1,979,742 shares of the company’s stock were exchanged, compared to its average volume of 3,317,670. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Realty Income Corp has a 12 month low of $38.00 and a 12 month high of $84.92. The company’s 50 day moving average price is $52.60 and its 200 day moving average price is $66.85. The firm has a market capitalization of $19.43 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 5.40 and a beta of 0.66.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.39). The firm had revenue of $414.30 million during the quarter, compared to the consensus estimate of $399.61 million. Realty Income had a net margin of 30.44% and a return on equity of 4.95%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. On average, equities research analysts anticipate that Realty Income Corp will post 3.34 EPS for the current year.

The company also recently declared a may 20 dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.233 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a yield of 5.5%. Realty Income’s dividend payout ratio (DPR) is presently 84.34%.

Realty Income Company Profile

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 5,700 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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