Realty Income Corp (O) Holdings Reduced by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its position in Realty Income Corp (NYSE:O) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,558 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. CIBC Asset Management Inc’s holdings in Realty Income were worth $3,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its position in Realty Income by 4.6% in the 2nd quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock worth $1,630,791,000 after purchasing an additional 1,341,367 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Realty Income by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,100 shares of the real estate investment trust’s stock worth $225,390,000 after purchasing an additional 78,488 shares during the last quarter. Bank of America Corp DE grew its position in Realty Income by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 3,007,424 shares of the real estate investment trust’s stock worth $161,769,000 after purchasing an additional 34,897 shares during the last quarter. Wells Fargo & Company MN grew its position in Realty Income by 1.9% in the 3rd quarter. Wells Fargo & Company MN now owns 2,787,774 shares of the real estate investment trust’s stock worth $158,597,000 after purchasing an additional 50,765 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Realty Income by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,376,984 shares of the real estate investment trust’s stock worth $127,857,000 after purchasing an additional 32,189 shares during the last quarter. Hedge funds and other institutional investors own 68.44% of the company’s stock.

In related news, Director Gregory Mclaughlin sold 3,100 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $58.00, for a total transaction of $179,800.00. Following the completion of the sale, the director now directly owns 16,886 shares of the company’s stock, valued at $979,388. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $58.56, for a total transaction of $527,040.00. Following the sale, the director now directly owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Several research firms have commented on O. ValuEngine upgraded shares of Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Janney Montgomery Scott cut shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Wednesday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 17th. Wells Fargo & Co set a $65.00 target price on shares of Realty Income and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Finally, Morgan Stanley cut shares of Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price for the company. in a research report on Monday, October 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $56.78.

Realty Income stock opened at $62.48 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $18.17 billion, a PE ratio of 20.42, a P/E/G ratio of 4.48 and a beta of -0.01. Realty Income Corp has a 12-month low of $47.25 and a 12-month high of $62.50.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $338.08 million during the quarter, compared to analysts’ expectations of $319.60 million. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Realty Income Corp will post 3.18 EPS for the current fiscal year.

The business also recently disclosed a nov 18 dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.2205 dividend. This represents a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 31st. Realty Income’s dividend payout ratio (DPR) is presently 86.60%.

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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 5,400 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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