Realty Income Corp (O) Position Trimmed by Sei Investments Co.
Sei Investments Co. trimmed its position in shares of Realty Income Corp (NYSE:O) by 36.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,313 shares of the real estate investment trust’s stock after selling 117,170 shares during the period. Sei Investments Co. owned approximately 0.07% of Realty Income worth $11,151,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Realty Income in the 2nd quarter worth about $1,601,000. Virginia Retirement Systems ET AL lifted its position in shares of Realty Income by 14.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 272,359 shares of the real estate investment trust’s stock worth $14,650,000 after buying an additional 35,000 shares during the last quarter. Price Capital Management Inc. bought a new position in shares of Realty Income in the 2nd quarter worth about $746,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Realty Income in the 2nd quarter worth about $4,205,000. Finally, Comerica Bank lifted its position in shares of Realty Income by 27.8% in the 2nd quarter. Comerica Bank now owns 116,032 shares of the real estate investment trust’s stock worth $6,349,000 after buying an additional 25,259 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.
O has been the topic of a number of recent research reports. Mitsubishi UFJ Financial Group upgraded shares of Realty Income from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $54.00 to $62.00 in a research report on Tuesday, July 10th. ValuEngine downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Bank of America raised their price target on shares of Realty Income from $53.50 to $57.50 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Zacks Investment Research downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Mizuho set a $58.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Realty Income has an average rating of “Hold” and an average price target of $58.90.
Shares of NYSE:O opened at $58.85 on Friday. The stock has a market capitalization of $16.39 billion, a P/E ratio of 19.23, a PEG ratio of 3.98 and a beta of 0.16. Realty Income Corp has a fifty-two week low of $47.25 and a fifty-two week high of $60.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.28 and a current ratio of 1.28.
Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.45). The firm had revenue of $328.90 million during the quarter, compared to the consensus estimate of $311.95 million. Realty Income had a net margin of 25.96% and a return on equity of 5.05%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. research analysts expect that Realty Income Corp will post 3.18 earnings per share for the current fiscal year.
The company also recently disclosed a aug 18 dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were given a $0.22 dividend. The ex-dividend date was Tuesday, July 31st. This represents a yield of 4.73%. Realty Income’s dividend payout ratio is presently 86.27%.
Realty Income Profile
Realty Income, The Monthly Dividend Company<sup>®</sup>, 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 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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