ProShare Advisors LLC Cuts Stake in Realty Income Corporation (O)

ProShare Advisors LLC decreased its position in Realty Income Corporation (NYSE:O) by 14.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,897 shares of the company’s stock after selling 16,151 shares during the period. ProShare Advisors LLC’s holdings in Realty Income Corporation were worth $6,285,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC boosted its position in shares of Realty Income Corporation by 7.7% in the second quarter. Evercore Wealth Management LLC now owns 5,006 shares of the company’s stock valued at $348,000 after buying an additional 360 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Realty Income Corporation by 14.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 136,281 shares of the company’s stock worth $9,452,000 after buying an additional 17,288 shares during the last quarter. California State Teachers Retirement System boosted its position in Realty Income Corporation by 3.0% in the second quarter. California State Teachers Retirement System now owns 561,661 shares of the company’s stock worth $38,957,000 after buying an additional 16,414 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Realty Income Corporation by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 4,079,708 shares of the company’s stock worth $273,055,000 after buying an additional 22,517 shares during the last quarter. Finally, Strs Ohio boosted its position in Realty Income Corporation by 1.1% in the second quarter. Strs Ohio now owns 437,576 shares of the company’s stock worth $30,350,000 after buying an additional 4,650 shares during the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

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

Shares of Realty Income Corporation (NYSE:O) traded up 0.85% on Wednesday, reaching $59.19. 671,968 shares of the company’s stock traded hands. Realty Income Corporation has a one year low of $50.96 and a one year high of $72.30. The company’s 50-day moving average price is $56.41 and its 200 day moving average price is $63.04. The firm has a market cap of $15.31 billion, a P/E ratio of 53.61 and a beta of 0.37.

Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.73. Realty Income Corporation had a net margin of 28.37% and a return on equity of 5.04%. The firm earned $277.20 million during the quarter, compared to the consensus estimate of $279.57 million. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Realty Income Corporation will post $1.11 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.2025 per share. This is an increase from Realty Income Corporation’s previous monthly dividend of $0.20. This represents a $2.43 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Thursday, December 29th. Realty Income Corporation’s dividend payout ratio is currently 220.91%.

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Several equities research analysts have issued reports on O shares. Zacks Investment Research upgraded shares of Realty Income Corporation from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, November 30th. Morgan Stanley upgraded shares of Realty Income Corporation from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 12th. Vetr downgraded shares of Realty Income Corporation from a “buy” rating to a “hold” rating and set a $61.16 price objective for the company. in a research report on Monday, October 10th. Wunderlich cut their price objective on shares of Realty Income Corporation from $60.00 to $54.00 and set a “sell” rating for the company in a research report on Monday, October 31st. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Realty Income Corporation in a research report on Monday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Realty Income Corporation currently has an average rating of “Hold” and a consensus price target of $62.35.

Realty Income Corporation 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.

5 Day Chart for NYSE:O

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