Machina Capital S.A.S. Sells 27,290 Shares of Realty Income Corporation $O

Machina Capital S.A.S. decreased its holdings in shares of Realty Income Corporation (NYSE:O) by 85.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,594 shares of the real estate investment trust’s stock after selling 27,290 shares during the quarter. Machina Capital S.A.S.’s holdings in Realty Income were worth $279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter worth $29,000. Strengthening Families & Communities LLC boosted its stake in shares of Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares in the last quarter. Avion Wealth increased its holdings in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Realty Income in the 2nd quarter valued at approximately $31,000. Finally, Country Trust Bank lifted its holdings in Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on O. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $61.00 price target on shares of Realty Income in a report on Thursday, December 18th. Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Morgan Stanley upped their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Finally, Mizuho lowered their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.21.

Realty Income Stock Performance

NYSE O opened at $63.37 on Friday. The company’s fifty day moving average is $58.67 and its two-hundred day moving average is $58.50. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $63.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $58.29 billion, a price-to-earnings ratio of 58.67, a P/E/G ratio of 3.69 and a beta of 0.79.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 5.1%. Realty Income’s dividend payout ratio is 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.