Cbre Clarion Securities LLC raised its position in shares of Realty Income Co. (NYSE:O) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,500 shares of the real estate investment trust’s stock after purchasing an additional 20,600 shares during the period. Cbre Clarion Securities LLC’s holdings in Realty Income were worth $22,066,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Realty Income by 4.5% during the 1st quarter. BlackRock Inc. now owns 35,817,931 shares of the real estate investment trust’s stock worth $2,274,440,000 after purchasing an additional 1,536,242 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,579,478 shares of the real estate investment trust’s stock valued at $346,869,000 after acquiring an additional 92,938 shares during the last quarter. Resolution Capital Ltd increased its holdings in shares of Realty Income by 26.3% during the 4th quarter. Resolution Capital Ltd now owns 4,533,580 shares of the real estate investment trust’s stock valued at $281,853,000 after acquiring an additional 944,583 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Realty Income by 21.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,404,350 shares of the real estate investment trust’s stock valued at $273,819,000 after acquiring an additional 785,327 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Realty Income by 86.4% during the 4th quarter. Morgan Stanley now owns 3,607,707 shares of the real estate investment trust’s stock valued at $224,290,000 after acquiring an additional 1,672,570 shares during the last quarter. 70.30% of the stock is owned by institutional investors.
Shares of NYSE:O traded down $1.09 during trading on Friday, hitting $69.99. 104,496 shares of the stock were exchanged, compared to its average volume of 3,200,850. Realty Income Co. has a 1-year low of $56.33 and a 1-year high of $71.84. The stock has a market capitalization of $26.14 billion, a P/E ratio of 72.29, a price-to-earnings-growth ratio of 5.09 and a beta of 0.73. The company has a fifty day moving average price of $67.71. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.74.
The company also recently disclosed a may 21 dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be issued a dividend of $0.235 per share. This represents a dividend yield of 4.2%. The ex-dividend date is Friday, May 28th. Realty Income’s payout ratio is presently 83.19%.
A number of research analysts have recently commented on O shares. Morgan Stanley increased their price objective on Realty Income from $74.00 to $81.00 and gave the company an “overweight” rating in a report on Thursday, June 3rd. BMO Capital Markets lowered Realty Income from an “outperform” rating to a “market perform” rating in a report on Thursday, May 6th. Finally, Mizuho raised Realty Income from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Thursday, June 3rd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Realty Income has a consensus rating of “Buy” and an average price target of $71.75.
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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