Ascend Capital LLC Acquires Shares of 9,129 Realty Income Corp (O)
Ascend Capital LLC acquired a new stake in shares of Realty Income Corp (NYSE:O) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 9,129 shares of the real estate investment trust’s stock, valued at approximately $521,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its holdings in shares of Realty Income by 1.7% during the 3rd quarter. Nationwide Fund Advisors now owns 76,978 shares of the real estate investment trust’s stock valued at $4,402,000 after acquiring an additional 1,290 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Realty Income by 10.8% during the 3rd quarter. Aperio Group LLC now owns 72,223 shares of the real estate investment trust’s stock valued at $4,130,000 after acquiring an additional 7,018 shares during the last quarter. Calamos Advisors LLC boosted its holdings in shares of Realty Income by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 43,014 shares of the real estate investment trust’s stock valued at $2,460,000 after acquiring an additional 1,577 shares during the last quarter. First Manhattan Co. boosted its holdings in shares of Realty Income by 2.8% during the 3rd quarter. First Manhattan Co. now owns 37,274 shares of the real estate investment trust’s stock valued at $2,131,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Realty Income during the 3rd quarter valued at about $1,423,000. Institutional investors and hedge funds own 70.77% of the company’s stock.
A number of research firms recently issued reports on O. Raymond James Financial raised shares of Realty Income from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a report on Monday, November 20th. Citigroup raised shares of Realty Income to a “market perform” rating in a report on Wednesday, December 20th. They noted that the move was a valuation call. B. Riley set a $56.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Realty Income has a consensus rating of “Hold” and a consensus price target of $62.08.
Realty Income (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. During the same quarter last year, the business earned $0.33 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. equities analysts forecast that Realty Income Corp will post 3.16 earnings per share for the current year.
The company also recently announced a mar 18 dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.219 per share. This represents a yield of 5.32%. The ex-dividend date is Wednesday, February 28th. Realty Income’s payout ratio is 239.09%.
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Realty Income Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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