Standard Life Aberdeen plc Increases Position in Realty Income Corp (O)

Standard Life Aberdeen plc boosted its holdings in shares of Realty Income Corp (NYSE:O) by 4.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 906,809 shares of the real estate investment trust’s stock after acquiring an additional 36,519 shares during the quarter. Standard Life Aberdeen plc’s holdings in Realty Income were worth $51,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. Moody National Bank Trust Division acquired a new position in shares of Realty Income in the 3rd quarter worth approximately $136,000. NEXT Financial Group Inc acquired a new position in shares of Realty Income in the 3rd quarter worth approximately $172,000. New England Asset Management Inc. acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $178,000. Piedmont Investment Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $179,000. Finally, Elmwood Wealth Management Inc. lifted its holdings in shares of Realty Income by 100.0% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 3,392 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 1,696 shares during the last quarter. 68.15% of the stock is owned by institutional investors.

Several brokerages have recently commented on O. Citigroup set a $56.00 price objective on shares of Realty Income and gave the stock a “sell” rating in a report on Friday. Zacks Investment Research lowered shares of Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Mizuho set a $58.00 target price on shares of Realty Income and gave the stock a “hold” rating in a report on Monday, August 13th. Royal Bank of Canada increased their target price on shares of Realty Income from $57.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Realty Income currently has a consensus rating of “Hold” and an average target price of $57.69.

Realty Income stock opened at $64.09 on Friday. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 4.32 and a beta of -0.01. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $64.56. 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 released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The company had revenue of $338.08 million for the quarter, compared to analyst estimates of $319.60 million. During the same period in the prior year, the business earned $0.77 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts expect that Realty Income Corp will post 3.16 earnings per share for the current fiscal year.

The company also recently disclosed a nov 18 dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be issued a $0.2205 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a dividend yield of 4.14%. Realty Income’s payout ratio is 86.60%.

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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.

Featured Story: Return on Investment (ROI) Defined, Explained

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

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