Arkadios Wealth Advisors raised its holdings in shares of Realty Income Co. (NYSE:O) by 39.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,270 shares of the real estate investment trust’s stock after acquiring an additional 919 shares during the quarter. Arkadios Wealth Advisors’ holdings in Realty Income were worth $207,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Brown Miller Wealth Management LLC bought a new stake in Realty Income during the fourth quarter valued at about $201,000. Riverstone Advisors LLC increased its holdings in shares of Realty Income by 11.3% in the first quarter. Riverstone Advisors LLC now owns 55,198 shares of the real estate investment trust’s stock worth $3,505,000 after purchasing an additional 5,598 shares during the last quarter. Insight Folios Inc increased its holdings in shares of Realty Income by 4.1% in the first quarter. Insight Folios Inc now owns 60,515 shares of the real estate investment trust’s stock worth $3,843,000 after purchasing an additional 2,408 shares during the last quarter. Virtus ETF Advisers LLC increased its holdings in shares of Realty Income by 13.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 22,947 shares of the real estate investment trust’s stock worth $1,427,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in shares of Realty Income by 9.3% in the fourth quarter. Founders Financial Alliance LLC now owns 8,697 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 740 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. Mizuho lifted their target price on Realty Income from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, April 19th. The Goldman Sachs Group assumed coverage on Realty Income in a report on Friday, January 22nd. They issued a “conviction-buy” rating on the stock. Finally, Morgan Stanley lifted their target price on Realty Income from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, April 21st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Realty Income has a consensus rating of “Buy” and a consensus price target of $69.78.
Shares of NYSE:O opened at $68.68 on Tuesday. Realty Income Co. has a 1 year low of $47.68 and a 1 year high of $71.84. The business has a 50 day simple moving average of $65.77 and a two-hundred day simple moving average of $61.87. The firm has a market capitalization of $25.65 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 4.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77.
Realty Income (NYSE:O) last announced its earnings results on Monday, May 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.58). Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The business had revenue of $442.80 million for the quarter, compared to analysts’ expectations of $413.59 million. During the same quarter last year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts expect that Realty Income Co. will post 3.4 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Monday, May 3rd will be given a dividend of $0.235 per share. The ex-dividend date is Friday, April 30th. This represents a $2.82 annualized dividend and a dividend yield of 4.11%. Realty Income’s dividend payout ratio (DPR) is presently 84.94%.
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.
Further Reading: Real Estate Investment Trust (REIT) ETF
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 Co. (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.