Point72 Hong Kong Ltd Trims Stock Holdings in Realty Income Corp (NYSE:O)

Point72 Hong Kong Ltd lowered its position in shares of Realty Income Corp (NYSE:O) by 72.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,218 shares of the real estate investment trust’s stock after selling 8,281 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Realty Income were worth $237,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Busey Wealth Management acquired a new stake in Realty Income during the fourth quarter worth about $27,000. Pacitti Group Inc. purchased a new stake in Realty Income in the 4th quarter worth approximately $33,000. TRUE Private Wealth Advisors acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $36,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $44,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Realty Income during the 4th quarter valued at approximately $45,000. 73.17% of the stock is owned by institutional investors.

NYSE O traded up $3.86 on Thursday, hitting $58.36. The company had a trading volume of 4,475,700 shares, compared to its average volume of 3,130,818. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $72.24 and its 200-day moving average price is $75.34. The company has a market capitalization of $17.36 billion, a PE ratio of 41.99, a PEG ratio of 4.48 and a beta of 0.22. Realty Income Corp has a 12-month low of $38.00 and a 12-month high of $84.92.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.44). Realty Income had a net margin of 29.26% and a return on equity of 4.89%. The company had revenue of $397.50 million for the quarter, compared to analysts’ expectations of $375.16 million. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Corp will post 3.5 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a dividend of $0.233 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Realty Income’s previous monthly dividend of $0.23. Realty Income’s dividend payout ratio is 84.04%.

Several equities analysts recently issued reports on the stock. Deutsche Bank upgraded shares of Realty Income from a “hold” rating to a “buy” rating and decreased their target price for the company from $78.00 to $66.00 in a research note on Wednesday. Raymond James raised shares of Realty Income from a “market perform” rating to an “outperform” rating and set a $79.00 price objective for the company in a report on Tuesday, January 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Realty Income in a report on Sunday, December 22nd. Edward Jones upgraded shares of Realty Income from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Citigroup raised shares of Realty Income from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $87.00 in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Realty Income currently has an average rating of “Buy” and an average price target of $78.62.

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.

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

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