Skandinaviska Enskilda Banken AB publ trimmed its stake in Realty Income Corp (NYSE:O) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,314 shares of the real estate investment trust’s stock after selling 264 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Realty Income were worth $2,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in O. Busey Wealth Management bought a new stake in Realty Income in the fourth quarter valued at approximately $27,000. Pacitti Group Inc. bought a new stake in Realty Income in the 4th quarter valued at $33,000. Credit Agricole S A acquired a new stake in Realty Income during the 1st quarter valued at $25,000. SeaBridge Investment Advisors LLC bought a new position in Realty Income during the first quarter worth $25,000. Finally, Harwood Advisory Group LLC acquired a new position in shares of Realty Income in the first quarter valued at $31,000. Institutional investors own 73.69% of the company’s stock.

Several analysts recently commented on the stock. Citigroup downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $87.00 to $49.00 in a report on Tuesday, April 7th. DA Davidson decreased their target price on Realty Income from $90.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Deutsche Bank raised Realty Income from a “hold” rating to a “buy” rating and dropped their price target for the stock from $78.00 to $66.00 in a report on Wednesday, March 25th. TheStreet lowered Realty Income from a “b-” rating to a “c+” rating in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on Realty Income from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.29.

NYSE O opened at $59.78 on Tuesday. The business has a fifty day moving average price of $57.19 and a two-hundred day moving average price of $64.71. The stock has a market capitalization of $20.06 billion, a PE ratio of 40.95, a PEG ratio of 5.39 and a beta of 0.66. Realty Income Corp has a fifty-two week low of $38.00 and a fifty-two week high of $84.92. 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 announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.39). Realty Income had a return on equity of 4.95% and a net margin of 30.44%. The business had revenue of $414.30 million for the quarter, compared to the consensus estimate of $399.61 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. Realty Income’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, sell-side analysts expect that Realty Income Corp will post 3.41 earnings per share for the current year.

The business also recently declared a jul 20 dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $0.2335 dividend. This is an increase from Realty Income’s previous jul 20 dividend of $0.23. This represents a dividend yield of 4.8%. The ex-dividend date is Tuesday, June 30th. Realty Income’s dividend payout ratio (DPR) is presently 84.34%.

About Realty Income

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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