Foundations Investment Advisors LLC increased its stake in shares of Realty Income Corporation (NYSE:O – Free Report) by 49.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,609 shares of the real estate investment trust’s stock after acquiring an additional 10,480 shares during the period. Foundations Investment Advisors LLC’s holdings in Realty Income were worth $1,782,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of O. Vanguard Group Inc. grew its holdings in Realty Income by 2.5% during the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock worth $9,102,107,000 after acquiring an additional 3,594,127 shares during the period. State Street Corp grew its holdings in Realty Income by 2.1% during the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after acquiring an additional 1,295,936 shares during the period. Barclays PLC grew its holdings in Realty Income by 52.7% during the third quarter. Barclays PLC now owns 2,741,766 shares of the real estate investment trust’s stock worth $166,672,000 after acquiring an additional 946,815 shares during the period. Legal & General Group Plc grew its holdings in Realty Income by 8.3% during the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock worth $603,131,000 after acquiring an additional 823,489 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after acquiring an additional 793,100 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Stock Down 0.6%
Shares of O opened at $61.31 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12 month low of $55.52 and a 12 month high of $67.93. The stock’s 50 day moving average is $62.48 and its two-hundred day moving average is $61.16. The firm has a market cap of $57.17 billion, a P/E ratio of 50.25, a PEG ratio of 4.78 and a beta of 0.75.
Realty Income Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.2705 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.
Analyst Ratings Changes
Several research firms recently commented on O. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Cantor Fitzgerald raised their target price on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. Loop Capital set a $69.00 price objective on Realty Income in a report on Monday, March 2nd. Finally, Evercore reissued a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $67.35.
Read Our Latest Stock Report on Realty Income
Insider Buying and Selling
In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider directly owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.
About Realty Income
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.
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