WealthPLAN Partners LLC Acquires 34,580 Shares of Realty Income Co. (NYSE:O)
WealthPLAN Partners LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 24.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 175,037 shares of the real estate investment trust’s stock after buying an additional 34,580 shares during the period. WealthPLAN Partners LLC’s holdings in Realty Income were worth $10,668,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of O. CENTRAL TRUST Co grew its stake in shares of Realty Income by 49.2% during the 3rd quarter. CENTRAL TRUST Co now owns 910 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 300 shares in the last quarter. MAI Capital Management bought a new position in shares of Realty Income during the 3rd quarter worth approximately $653,000. Clear Harbor Asset Management LLC bought a new position in shares of Realty Income during the 3rd quarter worth approximately $36,000. Foster Victor Wealth Advisors LLC grew its stake in shares of Realty Income by 1.0% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 82,541 shares of the real estate investment trust’s stock worth $5,014,000 after acquiring an additional 788 shares in the last quarter. Finally, Ellevest Inc. grew its stake in shares of Realty Income by 44.7% during the 3rd quarter. Ellevest Inc. now owns 1,819 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 562 shares in the last quarter. 73.10% of the stock is owned by institutional investors.
In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 16th. The stock was sold at an average price of $61.40, for a total value of $552,600.00. Following the transaction, the director now directly owns 9,757 shares of the company’s stock, valued at $599,079.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.
Realty Income (NYSE:O) last announced its earnings results on Sunday, February 21st. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.50). Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The company had revenue of $418.10 million during the quarter, compared to the consensus estimate of $398.27 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Realty Income Co. will post 3.4 EPS for the current year.
The firm also recently declared a feb 21 dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 1st will be paid a $0.2345 dividend. This represents a yield of 4.5%. The ex-dividend date is Friday, February 26th. Realty Income’s dividend payout ratio (DPR) is presently 84.64%.
A number of equities research analysts have recently weighed in on O shares. Robert W. Baird initiated coverage on Realty Income in a report on Wednesday, December 16th. They set a “neutral” rating for the company. Morgan Stanley lifted their target price on Realty Income from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, December 15th. Finally, The Goldman Sachs Group initiated coverage on Realty Income in a research report on Friday, January 22nd. They issued a “conviction-buy” rating on the stock. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Realty Income currently has a consensus rating of “Buy” and an average price target of $67.42.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company<sup>Â®</sup>, 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 commercial tenants.
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