Realty Income Corp (NYSE:O) Holdings Boosted by Principal Financial Group Inc.
Principal Financial Group Inc. raised its position in Realty Income Corp (NYSE:O) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 499,425 shares of the real estate investment trust’s stock after purchasing an additional 8,763 shares during the quarter. Principal Financial Group Inc.’s holdings in Realty Income were worth $36,738,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. National Pension Service lifted its holdings in shares of Realty Income by 4.7% in the 4th quarter. National Pension Service now owns 330,839 shares of the real estate investment trust’s stock worth $23,086,000 after acquiring an additional 14,838 shares during the last quarter. TrinityPoint Wealth LLC increased its stake in Realty Income by 12.8% during the 1st quarter. TrinityPoint Wealth LLC now owns 3,969 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 451 shares during the period. Unigestion Holding SA purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $353,000. Tredje AP fonden increased its position in shares of Realty Income by 112.2% in the 4th quarter. Tredje AP fonden now owns 10,489 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 5,545 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Realty Income by 13.5% in the 4th quarter. M&T Bank Corp now owns 39,022 shares of the real estate investment trust’s stock valued at $2,460,000 after purchasing an additional 4,649 shares during the last quarter. Institutional investors own 69.28% of the company’s stock.
O has been the subject of several research analyst reports. Zacks Investment Research cut shares of Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Stifel Nicolaus upped their target price on shares of Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Capital One Financial upgraded shares of Realty Income from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 8th. Wells Fargo & Co upped their target price on shares of Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. Finally, Citigroup set a $74.00 target price on shares of Realty Income and gave the stock a “hold” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.91.
Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.43). Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The company had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Corp will post 3.3 EPS for the current year.
The company also recently declared a may 19 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 3.92%. Realty Income’s dividend payout ratio (DPR) is presently 84.95%.
In other Realty Income news, EVP Michael R. Pfeiffer sold 10,829 shares of Realty Income stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $69.83, for a total transaction of $756,189.07. Following the transaction, the executive vice president now directly owns 29,163 shares of the company’s stock, valued at $2,036,452.29. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Benjamin N. Fox sold 2,631 shares of Realty Income stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.70, for a total transaction of $186,011.70. Following the transaction, the executive vice president now directly owns 12,812 shares in the company, valued at $905,808.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,460 shares of company stock valued at $1,366,521. Insiders own 0.20% of the company’s stock.
Realty Income Company Profile
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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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