Swiss National Bank Increases Position in Realty Income Corp. (O)
Swiss National Bank boosted its stake in shares of Realty Income Corp. (NYSE:O) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,179,000 shares of the company’s stock after buying an additional 17,300 shares during the period. Swiss National Bank owned approximately 0.46% of Realty Income Corp. worth $78,910,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. North Star Investment Management Corp. raised its position in shares of Realty Income Corp. by 2.2% in the second quarter. North Star Investment Management Corp. now owns 4,600 shares of the company’s stock worth $319,000 after buying an additional 100 shares during the period. Creative Planning raised its position in shares of Realty Income Corp. by 10.3% in the second quarter. Creative Planning now owns 42,057 shares of the company’s stock worth $2,917,000 after buying an additional 3,923 shares during the period. Cue Financial Group Inc. acquired a new position in shares of Realty Income Corp. during the second quarter worth about $220,000. Gateway Investment Advisers LLC raised its position in shares of Realty Income Corp. by 2.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,688 shares of the company’s stock worth $1,435,000 after buying an additional 474 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Realty Income Corp. by 4.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 220,551 shares of the company’s stock worth $15,297,000 after buying an additional 8,785 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.
Realty Income Corp. (NYSE:O) opened at 56.148 on Tuesday. The firm has a market capitalization of $14.52 billion, a P/E ratio of 50.859 and a beta of 0.41. The stock has a 50 day moving average of $58.65 and a 200-day moving average of $64.32. Realty Income Corp. has a 1-year low of $48.37 and a 1-year high of $72.30.
Realty Income Corp. (NYSE:O) last released its earnings results on Wednesday, October 26th. The company reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. Realty Income Corp. 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 analyst estimates of $279.57 million. During the same quarter in the previous year, the business earned $0.70 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Realty Income Corp. will post $2.86 earnings per share for the current year.
The firm also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.202 per share. This represents a yield of 4.36%. The ex-dividend date of this dividend is Tuesday, November 29th. Realty Income Corp.’s dividend payout ratio is presently 220.00%.
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A number of brokerages have issued reports on O. Zacks Investment Research lowered Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus decreased their price target on Realty Income Corp. from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Wunderlich decreased their price target on Realty Income Corp. from $60.00 to $54.00 and set a “sell” rating for the company in a research note on Monday, October 31st. Mizuho began coverage on Realty Income Corp. in a research note on Thursday, October 13th. They set a “neutral” rating and a $65.00 price target for the company. Finally, Vetr raised Realty Income Corp. from a “hold” rating to a “buy” rating in a research note on Saturday, October 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.70.
Realty Income Corp. 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.
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