Amundi Pioneer Asset Management Inc. Has $35.53 Million Position in Realty Income Corp (NYSE:O)

Amundi Pioneer Asset Management Inc. raised its position in shares of Realty Income Corp (NYSE:O) by 25.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 483,031 shares of the real estate investment trust’s stock after purchasing an additional 96,763 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Realty Income were worth $35,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc raised its position in Realty Income by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 45,658,463 shares of the real estate investment trust’s stock worth $2,597,510,000 after purchasing an additional 539,460 shares during the last quarter. Advisors Asset Management Inc. raised its position in Realty Income by 3.1% in the 4th quarter. Advisors Asset Management Inc. now owns 48,597 shares of the real estate investment trust’s stock worth $3,064,000 after purchasing an additional 1,482 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Realty Income by 5.6% during the 4th quarter. TD Asset Management Inc. now owns 88,070 shares of the real estate investment trust’s stock valued at $5,552,000 after acquiring an additional 4,657 shares during the last quarter. M&T Bank Corp raised its position in shares of Realty Income by 13.5% during the 4th quarter. M&T Bank Corp now owns 39,022 shares of the real estate investment trust’s stock valued at $2,460,000 after acquiring an additional 4,649 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Realty Income by 43.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 69.28% of the company’s stock.

Shares of O stock opened at $72.23 on Wednesday. Realty Income Corp has a 12-month low of $52.37 and a 12-month high of $74.14. The firm has a market capitalization of $22.83 billion, a PE ratio of 22.64, a PEG ratio of 4.93 and a beta of 0.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.43). Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The firm had revenue of $354.40 million during the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the firm earned $0.29 EPS. Realty Income’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts expect that Realty Income Corp will post 3.3 EPS for the current fiscal year.

The business also recently announced a may 19 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a $0.226 dividend. This represents a yield of 3.92%. The ex-dividend date is Friday, May 31st. Realty Income’s payout ratio is presently 84.95%.

In related news, EVP Michael R. Pfeiffer sold 10,829 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $69.83, for a total value of $756,189.07. Following the completion of the transaction, the executive vice president now directly owns 29,163 shares of the company’s stock, valued at approximately $2,036,452.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Benjamin N. Fox sold 2,631 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $70.70, for a total transaction of $186,011.70. Following the completion of the transaction, the executive vice president now directly owns 12,812 shares of the company’s stock, valued at $905,808.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,460 shares of company stock valued at $1,366,521. Company insiders own 0.20% of the company’s stock.

Several equities analysts have recently issued reports on O shares. Zacks Investment Research lowered shares of Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Stifel Nicolaus boosted their price target on shares of Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 8th. Wells Fargo & Co boosted their price target on shares of Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. Finally, Citigroup set a $74.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.91.

TRADEMARK VIOLATION WARNING: “Amundi Pioneer Asset Management Inc. Has $35.53 Million Position in Realty Income Corp (NYSE:O)” was reported by WKRB News and is the property of of WKRB News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.wkrb13.com/2019/06/12/amundi-pioneer-asset-management-inc-has-35-53-million-position-in-realty-income-corp-nyseo.html.

Realty Income 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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

See Also: What is a conference call?

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp (NYSE:O).

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

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.