Elo Mutual Pension Insurance Co raised its holdings in Realty Income Co. (NYSE:O) by 3.2% during the first quarter, HoldingsChannel.com reports. The fund owned 25,321 shares of the real estate investment trust’s stock after purchasing an additional 789 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Realty Income were worth $1,608,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Safeguard Investment Advisory Group LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $26,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $31,000. Vantage Consulting Group Inc acquired a new stake in shares of Realty Income during the fourth quarter valued at about $32,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $34,000. Finally, Piscataqua Savings Bank acquired a new stake in shares of Realty Income during the first quarter valued at about $41,000. 70.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on O shares. BMO Capital Markets lowered Realty Income from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 6th. Morgan Stanley lifted their price objective on Realty Income from $74.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, June 3rd. Finally, Mizuho raised Realty Income from a “neutral” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Thursday, June 3rd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Realty Income presently has an average rating of “Buy” and an average target price of $71.75.
Realty Income (NYSE:O) last issued its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Realty Income had a net margin of 20.51% and a return on equity of 3.17%. The business had revenue of $442.80 million during the quarter, compared to analyst estimates of $413.59 million. During the same period last year, the firm posted $0.88 earnings per share. Realty Income’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Realty Income Co. will post 3.44 EPS for the current fiscal year.
The firm also recently declared a may 21 dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be paid a $0.235 dividend. This represents a yield of 4.2%. The ex-dividend date is Friday, May 28th. Realty Income’s dividend payout ratio (DPR) is presently 83.19%.
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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
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