NEOS Investment Management LLC Purchases 71,646 Shares of Realty Income Corporation $O

NEOS Investment Management LLC boosted its position in Realty Income Corporation (NYSE:O) by 73.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 169,839 shares of the real estate investment trust’s stock after buying an additional 71,646 shares during the period. NEOS Investment Management LLC’s holdings in Realty Income were worth $10,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in O. State Street Corp boosted its stake in shares of Realty Income by 1.1% in the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after buying an additional 676,697 shares during the period. OLD National Bancorp IN bought a new stake in shares of Realty Income during the 3rd quarter valued at $3,391,000. ProShare Advisors LLC grew its holdings in shares of Realty Income by 5.3% during the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock worth $186,497,000 after purchasing an additional 155,677 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Realty Income by 13.1% in the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock worth $153,763,000 after purchasing an additional 309,902 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Realty Income by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock worth $334,897,000 after purchasing an additional 84,066 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE:O opened at $66.50 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $66.74. The firm has a market cap of $61.17 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 3.88 and a beta of 0.79. The firm’s fifty day moving average is $59.78 and its 200-day moving average is $58.94.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, February 27th. Realty Income’s payout ratio is currently 300.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on O. Cantor Fitzgerald reduced their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wells Fargo & Company upped their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada raised their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Mizuho reduced their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.21.

Realty Income 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.