DekaBank Deutsche Girozentrale Has $1.19 Million Stake in Realty Income Corp (O)

DekaBank Deutsche Girozentrale lifted its stake in Realty Income Corp (NYSE:O) by 7.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 19,032 shares of the real estate investment trust’s stock after acquiring an additional 1,304 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Realty Income were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Moody National Bank Trust Division bought a new position in Realty Income in the 3rd quarter worth $136,000. NEXT Financial Group Inc bought a new position in Realty Income in the 3rd quarter worth $172,000. New England Asset Management Inc. bought a new position in Realty Income in the 2nd quarter worth $178,000. Piedmont Investment Advisors LLC bought a new position in Realty Income in the 2nd quarter worth $179,000. Finally, Elmwood Wealth Management Inc. boosted its holdings in Realty Income by 100.0% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 3,392 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 1,696 shares during the period. Hedge funds and other institutional investors own 69.77% of the company’s stock.

O opened at $66.21 on Friday. Realty Income Corp has a 52 week low of $47.25 and a 52 week high of $66.23. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 4.31 and a beta of 0.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The business had revenue of $338.08 million during the quarter, compared to the consensus estimate of $319.60 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Realty Income Corp will post 3.16 EPS for the current fiscal year.

The firm also recently declared a nov 18 dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be issued a $0.2205 dividend. This represents a dividend yield of 4.14%. The ex-dividend date is Friday, November 30th. Realty Income’s payout ratio is 86.60%.

O has been the subject of several recent analyst reports. Bank of America raised shares of Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, November 15th. ValuEngine raised shares of Realty Income from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Wells Fargo & Co set a $65.00 price objective on shares of Realty Income and gave the company a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Friday, October 5th. Finally, Morgan Stanley downgraded shares of Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 price objective for the company. in a report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Realty Income currently has a consensus rating of “Hold” and a consensus price target of $57.69.

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Realty Income Company Profile

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 5,600 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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