Realty Income Corporation $O Stock Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Realty Income Corporation (NYSE:O – Free Report) by 165.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the real estate investment trust’s stock after acquiring an additional 15,569 shares during the quarter. International Assets Investment Management LLC’s holdings in Realty Income were worth $1,358,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Dunhill Financial LLC purchased a new position in shares of Realty Income in the 2nd quarter worth $27,000. Fiduciary Financial Advisors purchased a new stake in shares of Realty Income in the second quarter worth about $36,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Realty Income in the second quarter valued at about $40,000. Meeder Asset Management Inc. purchased a new position in Realty Income in the 2nd quarter worth approximately $42,000. Finally, Meramec Financial Planners LLC purchased a new position in Realty Income in the 2nd quarter worth approximately $44,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $57.53 on Wednesday. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a fifty-two week low of $53.15 and a fifty-two week high of $67.93. The business has a 50 day moving average price of $57.29 and a two-hundred day moving average price of $61.58. The firm has a market cap of $54.44 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 4.50 and a beta of 0.65.

Realty Income (NYSE:O – Get Free Report) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Realty Income had a return on equity of 3.30% and a net margin of 21.85%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.08 EPS. Realty Income’s quarterly revenue was up 10.3% on a year-over-year basis. Sell-side analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.2715 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, October 30th. Realty Income’s payout ratio is 237.96%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Realty Income from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Huntington initiated coverage on shares of Realty Income in a report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target for the company. Barclays dropped their price target on shares of Realty Income from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 20th. Wells Fargo & Company cut their price objective on shares of Realty Income from $64.00 to $59.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Finally, Scotiabank cut shares of Realty Income from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $67.00 to $59.00 in a research report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.81.

View Our Latest Stock Analysis on Realty Income

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Realty Income Company Profile

(Free Report)

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.

See Also

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

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