Van Hulzen Asset Management LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O – Get Rating) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,160 shares of the real estate investment trust’s stock after selling 690 shares during the period. Van Hulzen Asset Management LLC’s holdings in Realty Income were worth $584,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its stake in Realty Income by 45.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 54,283 shares of the real estate investment trust’s stock valued at $3,886,000 after purchasing an additional 17,017 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Realty Income by 50.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,130 shares of the real estate investment trust’s stock valued at $1,083,000 after purchasing an additional 5,044 shares in the last quarter. New Century Advisors LLC bought a new stake in Realty Income in the fourth quarter valued at approximately $1,721,000. Hendershot Investments Inc. bought a new stake in Realty Income in the fourth quarter valued at approximately $801,000. Finally, Kentucky Retirement Systems increased its stake in Realty Income by 53.1% in the fourth quarter. Kentucky Retirement Systems now owns 34,552 shares of the real estate investment trust’s stock valued at $2,474,000 after purchasing an additional 11,986 shares in the last quarter. 82.75% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, March 15th. Mizuho lowered their price objective on shares of Realty Income from $82.00 to $76.00 in a research report on Thursday, January 20th. StockNews.com assumed coverage on shares of Realty Income in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet downgraded shares of Realty Income from a “b” rating to a “c+” rating in a research report on Thursday, March 3rd. Finally, Morgan Stanley lowered their price objective on shares of Realty Income from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.80.
Realty Income (NYSE:O – Get Rating) last released its earnings results 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 business had revenue of $685.02 million during 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%. The firm’s revenue for the quarter was up 64.0% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. As a group, sell-side analysts expect that Realty Income Co. will post 3.93 EPS for the current year.
The company also recently declared a may 22 dividend, which will be paid on Friday, May 13th. Shareholders 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 dividend payout ratio is currently 314.90%.
About Realty Income (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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