Mercer Global Advisors Inc. ADV lifted its stake in shares of Realty Income Co. (NYSE:O – Get Rating) by 45.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,283 shares of the real estate investment trust’s stock after acquiring an additional 17,017 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Realty Income were worth $3,886,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in Realty Income by 951.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,222,405 shares of the real estate investment trust’s stock worth $517,052,000 after purchasing an additional 6,535,728 shares during the period. Morgan Stanley boosted its stake in Realty Income by 64.4% in the 3rd quarter. Morgan Stanley now owns 10,203,228 shares of the real estate investment trust’s stock worth $661,782,000 after purchasing an additional 3,995,356 shares during the period. Cohen & Steers Inc. boosted its position in shares of Realty Income by 502.3% during the 3rd quarter. Cohen & Steers Inc. now owns 3,450,580 shares of the real estate investment trust’s stock valued at $223,839,000 after acquiring an additional 2,877,684 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Realty Income by 2,072.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,351,425 shares of the real estate investment trust’s stock valued at $96,800,000 after acquiring an additional 1,289,215 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Realty Income by 50.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,362,808 shares of the real estate investment trust’s stock valued at $240,743,000 after acquiring an additional 1,133,960 shares during the last quarter. Institutional investors own 82.75% of the company’s stock.
A number of research firms have recently commented on O. StockNews.com began coverage on Realty Income in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating in a report on Tuesday, March 15th. Morgan Stanley decreased their price target on Realty Income from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, March 3rd. Mizuho decreased their price target on Realty Income from $82.00 to $76.00 in a report on Thursday, January 20th. Finally, TheStreet lowered Realty Income from a “b” rating to a “c+” rating in a report on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $77.80.
Realty Income (NYSE:O – Get Rating) last issued its quarterly earnings data on Monday, February 21st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.92). The company had revenue of $685.02 million for the quarter, compared to the consensus estimate of $676.52 million. Realty Income had a net margin of 17.25% and a return on equity of 2.32%. Realty Income’s revenue for the quarter was up 64.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. As a group, research analysts forecast that Realty Income Co. will post 3.93 EPS for the current year.
The company also recently disclosed a may 22 dividend, which will be paid on Friday, May 13th. Stockholders of record on Monday, May 2nd will be paid a $0.247 dividend. The ex-dividend date of this dividend is Friday, April 29th. Realty Income’s payout ratio is 314.90%.
Realty Income Company Profile (Get Rating)
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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
- Get a free copy of the StockNews.com research report on Realty Income (O)
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