Handelsbanken Fonder AB Purchases 26,437 Shares of Realty Income Corporation $O

Handelsbanken Fonder AB raised its position in shares of Realty Income Corporation (NYSE:O) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 499,998 shares of the real estate investment trust’s stock after acquiring an additional 26,437 shares during the period. Handelsbanken Fonder AB’s holdings in Realty Income were worth $30,980,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EFG International AG acquired a new position in shares of Realty Income in the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. increased its holdings in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 360 shares in the last quarter. Quattro Advisors LLC bought a new position in Realty Income in the 4th quarter valued at $29,000. Sankala Group LLC acquired a new position in Realty Income in the fourth quarter worth $32,000. Finally, Costello Asset Management INC acquired a new position in Realty Income in the fourth quarter worth $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada cut their price target on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Robert W. Baird raised their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Evercore set a $68.00 target price on shares of Realty Income in a research report on Friday. Finally, Scotiabank decreased their price target on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Trading Down 0.2%

NYSE:O opened at $61.79 on Wednesday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The firm has a market capitalization of $58.47 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 4.51 and a beta of 0.71. The business’s 50-day moving average price is $62.91 and its two-hundred day moving average price is $63.06.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.271 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, July 31st. Realty Income’s dividend payout ratio (DPR) is currently 237.23%.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.