Mirae Asset Global Investments Co. Ltd. boosted its position in Realty Income Corp (NYSE:O) by 74.7% in the 4th quarter, Holdings Channel reports. The firm owned 8,647 shares of the real estate investment trust’s stock after acquiring an additional 3,698 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Realty Income were worth $545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in Realty Income in the 4th quarter valued at $25,000. Pearl River Capital LLC purchased a new stake in Realty Income in the 4th quarter valued at $26,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Realty Income by 43.7% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Essex Savings Bank purchased a new stake in Realty Income in the 4th quarter valued at $34,000. Finally, Sandy Spring Bank grew its holdings in Realty Income by 319.7% in the 4th quarter. Sandy Spring Bank now owns 554 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 422 shares in the last quarter. 74.89% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on O shares. Citigroup set a $56.00 target price on Realty Income and gave the company a “sell” rating in a report on Friday, November 30th. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Thursday, January 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.45.

NYSE O opened at $71.24 on Friday. The firm has a market cap of $21.64 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 5.19 and a beta of 0.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.16 and a quick ratio of 1.16. Realty Income Corp has a twelve month low of $48.80 and a twelve month high of $72.11.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.48. The business had revenue of $342.60 million during the quarter, compared to analysts’ expectations of $330.23 million. Realty Income had a return on equity of 4.78% and a net margin of 27.38%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. As a group, equities analysts expect that Realty Income Corp will post 3.27 earnings per share for the current year.

The firm also recently declared a apr 19 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s dividend payout ratio is presently 84.95%.

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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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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