Gulf International Bank UK Ltd boosted its position in shares of Realty Income Corp (NYSE:O) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,222 shares of the real estate investment trust’s stock after purchasing an additional 2,300 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Realty Income were worth $5,303,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Moody National Bank Trust Division acquired a new position in shares of Realty Income in the third quarter worth $136,000. NEXT Financial Group Inc acquired a new position in shares of Realty Income in the third quarter worth $172,000. Palo Capital Inc. acquired a new position in shares of Realty Income in the third quarter worth $185,000. New England Asset Management Inc. acquired a new position in shares of Realty Income in the second quarter worth $178,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Realty Income in the second quarter worth $179,000. Institutional investors own 68.44% of the company’s stock.
Several equities analysts recently commented on O shares. ValuEngine upgraded Realty Income from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Janney Montgomery Scott lowered Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research note on Wednesday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 17th. Wells Fargo & Co set a $65.00 target price on Realty Income and gave the company a “buy” rating in a research note on Tuesday, September 4th. Finally, Morgan Stanley lowered Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price for the company. in a research note on Monday, October 1st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Realty Income currently has an average rating of “Hold” and a consensus target price of $56.78.
Realty Income (NYSE:O) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $338.08 million during the quarter, compared to analyst estimates of $319.60 million. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. Research analysts predict that Realty Income Corp will post 3.18 EPS for the current year.
The company also recently declared a nov 18 dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.2205 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a yield of 4.56%. Realty Income’s dividend payout ratio is presently 86.60%.
In other Realty Income news, Director Gregory Mclaughlin sold 3,100 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was 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 in the company, valued at $979,388. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 9,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $58.56, for a total value of $527,040.00. Following the sale, the director now owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
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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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