Guggenheim Capital LLC cut its holdings in Realty Income Corp (NYSE:O) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,045 shares of the real estate investment trust’s stock after selling 13,964 shares during the period. Guggenheim Capital LLC’s holdings in Realty Income were worth $4,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Realty Income during the fourth quarter valued at about $223,480,000. Waratah Capital Advisors Ltd. increased its stake in shares of Realty Income by 101.9% during the 1st quarter. Waratah Capital Advisors Ltd. now owns 27,831 shares of the real estate investment trust’s stock worth $1,388,000 after purchasing an additional 1,508,031 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Realty Income in the 1st quarter worth approximately $27,604,000. Prudential PLC purchased a new position in Realty Income in the first quarter valued at approximately $57,035,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Realty Income by 50.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,869,688 shares of the real estate investment trust’s stock valued at $143,083,000 after purchasing an additional 966,903 shares during the period. 73.69% of the stock is owned by institutional investors.

O opened at $59.78 on Tuesday. The firm has a market capitalization of $20.06 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 5.39 and a beta of 0.66. Realty Income Corp has a one year low of $38.00 and a one year high of $84.92. The company has a fifty day moving average price of $57.19 and a 200-day moving average price of $64.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 1.25.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.39). The business had revenue of $414.30 million for the quarter, compared to the consensus estimate of $399.61 million. Realty Income had a net margin of 30.44% and a return on equity of 4.95%. Realty Income’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. On average, analysts expect that Realty Income Corp will post 3.41 earnings per share for the current year.

The firm also recently disclosed a jul 20 dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.2335 per share. This is a positive change from Realty Income’s previous jul 20 dividend of $0.23. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 4.8%. Realty Income’s payout ratio is presently 84.34%.

A number of brokerages have recently commented on O. Deutsche Bank raised Realty Income from a “hold” rating to a “buy” rating and dropped their price target for the company from $78.00 to $66.00 in a research report on Wednesday, March 25th. Berenberg Bank assumed coverage on shares of Realty Income in a research report on Tuesday. They set a “buy” rating for the company. Odeon Capital Group initiated coverage on shares of Realty Income in a research note on Wednesday, April 8th. They issued a “buy” rating and a $65.00 target price for the company. Wells Fargo & Co upped their price target on shares of Realty Income from $55.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Realty Income currently has an average rating of “Buy” and a consensus target price of $72.29.

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

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