Natixis Advisors L.P. reduced its stake in Realty Income Corp (NYSE:O) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,836 shares of the real estate investment trust’s stock after selling 1,369 shares during the period. Natixis Advisors L.P.’s holdings in Realty Income were worth $665,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Realty Income by 3.8% in the fourth quarter. BlackRock Inc. now owns 29,151,833 shares of the real estate investment trust’s stock valued at $1,662,238,000 after buying an additional 1,054,431 shares in the last quarter. Northern Trust Corp raised its stake in Realty Income by 3.8% in the first quarter. Northern Trust Corp now owns 5,236,142 shares of the real estate investment trust’s stock valued at $270,866,000 after buying an additional 192,423 shares in the last quarter. Geode Capital Management LLC raised its stake in Realty Income by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,103,886 shares of the real estate investment trust’s stock valued at $176,627,000 after buying an additional 204,594 shares in the last quarter. Wells Fargo & Company MN raised its stake in Realty Income by 3.3% in the first quarter. Wells Fargo & Company MN now owns 2,801,806 shares of the real estate investment trust’s stock valued at $144,937,000 after buying an additional 90,154 shares in the last quarter. Finally, Swiss National Bank raised its stake in Realty Income by 1.5% in the fourth quarter. Swiss National Bank now owns 1,541,600 shares of the real estate investment trust’s stock valued at $87,902,000 after buying an additional 22,700 shares in the last quarter. Institutional investors and hedge funds own 69.95% of the company’s stock.
O opened at $53.97 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.58 and a current ratio of 1.58. Realty Income Corp has a one year low of $47.25 and a one year high of $60.05. The stock has a market cap of $15.18 billion, a PE ratio of 17.64, a PEG ratio of 3.78 and a beta of 0.21.
The company also recently announced a jun 18 dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.2195 per share. This represents a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, May 31st. Realty Income’s dividend payout ratio (DPR) is currently 85.95%.
In other news, Director Kathleen Allen sold 4,000 shares of Realty Income stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $52.55, for a total transaction of $210,200.00. Following the sale, the director now owns 78,000 shares in the company, valued at $4,098,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
A number of analysts have weighed in on O shares. B. Riley set a $56.00 price target on Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Stifel Nicolaus cut their price target on Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Mizuho restated a “hold” rating and issued a $53.00 price target on shares of Realty Income in a research note on Friday, March 2nd. DA Davidson upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, March 28th. Finally, ValuEngine cut Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.40.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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