Crestline Management LP Sells 20,000 Shares of Realty Income Corp (O)
Crestline Management LP lowered its holdings in shares of Realty Income Corp (NYSE:O) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,500 shares of the real estate investment trust’s stock after selling 20,000 shares during the quarter. Realty Income accounts for about 1.0% of Crestline Management LP’s portfolio, making the stock its 9th largest position. Crestline Management LP’s holdings in Realty Income were worth $6,588,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in O. Cohen & Steers Inc. lifted its holdings in shares of Realty Income by 190.7% in the 4th quarter. Cohen & Steers Inc. now owns 7,378,766 shares of the real estate investment trust’s stock worth $465,157,000 after acquiring an additional 4,840,630 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Realty Income by 11,967.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,749,745 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 3,718,673 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Realty Income by 400.9% in the 3rd quarter. Deutsche Bank AG now owns 4,477,781 shares of the real estate investment trust’s stock worth $254,736,000 after acquiring an additional 3,583,907 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Realty Income by 8.8% in the 3rd quarter. BlackRock Inc. now owns 32,996,152 shares of the real estate investment trust’s stock worth $1,877,150,000 after acquiring an additional 2,678,465 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Realty Income by 2,792.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,565,303 shares of the real estate investment trust’s stock worth $98,677,000 after acquiring an additional 1,511,184 shares during the last quarter. Institutional investors and hedge funds own 74.89% of the company’s stock.
O stock opened at $71.24 on Friday. The stock has a market capitalization of $21.64 billion, a P/E ratio of 22.33, a P/E/G ratio of 5.19 and a beta of 0.18. Realty Income Corp has a 12 month low of $48.80 and a 12 month high of $72.11. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80.
The firm also recently announced a apr 19 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is 84.95%.
O has been the subject of several analyst reports. Citigroup set a $56.00 target price on shares of Realty Income and gave the stock a “sell” rating in a report on Friday, November 30th. Zacks Investment Research raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Thursday, January 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $59.45.
About Realty Income
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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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