Nwam LLC Cuts Stake in Realty Income Co. (NYSE:O)

Nwam LLC trimmed its holdings in shares of Realty Income Co. (NYSE:OGet Rating) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,122 shares of the real estate investment trust’s stock after selling 1,160 shares during the period. Nwam LLC’s holdings in Realty Income were worth $1,083,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in O. Bank of America Corp DE boosted its position in Realty Income by 6.4% during the fourth quarter. Bank of America Corp DE now owns 18,403,812 shares of the real estate investment trust’s stock worth $1,317,528,000 after acquiring an additional 1,099,113 shares during the last quarter. Morgan Stanley grew its holdings in Realty Income by 64.4% during the 3rd quarter. Morgan Stanley now owns 10,203,228 shares of the real estate investment trust’s stock valued at $661,782,000 after purchasing an additional 3,995,356 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Realty Income by 4.4% during the third quarter. Geode Capital Management LLC now owns 8,354,029 shares of the real estate investment trust’s stock worth $540,627,000 after acquiring an additional 355,112 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Realty Income by 39.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,142,323 shares of the real estate investment trust’s stock worth $582,911,000 after purchasing an additional 2,313,926 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Realty Income by 35.3% in the fourth quarter. Northern Trust Corp now owns 7,568,044 shares of the real estate investment trust’s stock valued at $541,796,000 after acquiring an additional 1,975,409 shares in the last quarter. Hedge funds and other institutional investors own 76.46% of the company’s stock.

O has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of Realty Income in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley cut their target price on shares of Realty Income from $79.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, March 3rd. Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research note on Monday, April 25th. Mizuho reduced their target price on Realty Income from $82.00 to $76.00 in a report on Thursday, January 20th. Finally, Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating in a report on Tuesday, March 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $77.80.

Shares of O stock opened at $68.06 on Tuesday. Realty Income Co. has a 1 year low of $62.74 and a 1 year high of $75.40. The firm has a market capitalization of $40.94 billion, a P/E ratio of 66.73, a PEG ratio of 3.61 and a beta of 0.74. The company has a current ratio of 2.03, a quick ratio of 1.95 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $69.05 and its two-hundred day moving average price is $69.08.

Realty Income (NYSE:OGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.63). Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The company had revenue of $807.30 million during the quarter, compared to analyst estimates of $748.69 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Realty Income’s revenue for the quarter was up 82.3% on a year-over-year basis. As a group, equities research analysts forecast that Realty Income Co. will post 3.92 EPS for the current fiscal year.

The firm also recently announced a may 22 dividend, which was paid on Friday, May 13th. Shareholders of record on Monday, May 2nd were paid a dividend of $0.247 per share. The ex-dividend date of this dividend was Friday, April 29th. Realty Income’s payout ratio is 290.20%.

Realty Income Profile (Get Rating)

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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

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

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