Handelsbanken Fonder AB Has $30.98 Million Stake in Realty Income Corporation $O

Handelsbanken Fonder AB raised its position in shares of Realty Income Corporation (NYSE:O) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,998 shares of the real estate investment trust’s stock after acquiring an additional 26,437 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of Realty Income worth $30,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EFG International AG acquired a new position in shares of Realty Income during the 4th quarter worth about $26,000. Evolution Wealth Management Inc. grew its holdings in Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 360 shares during the last quarter. Quattro Advisors LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $29,000. Sankala Group LLC bought a new position in Realty Income in the 4th quarter worth approximately $32,000. Finally, Costello Asset Management INC bought a new position in Realty Income in the 4th quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Realty Income stock opened at $61.79 on Wednesday. The business has a 50 day simple moving average of $62.91 and a 200 day simple moving average of $63.06. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The company has a market capitalization of $58.47 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 4.51 and a beta of 0.71. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.271 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. Realty Income’s dividend payout ratio (DPR) is presently 237.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on O shares. Jefferies Financial Group started coverage on Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective for the company. UBS Group set a $67.00 target price on shares of Realty Income in a research report on Thursday, June 18th. Royal Bank Of Canada dropped their target price on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Robert W. Baird upped their target price on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Finally, Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.42.

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.