State Street Corp Purchases 12,823,641 Shares of Realty Income Co. (NYSE:O)

State Street Corp raised its position in shares of Realty Income Co. (NYSE:O – Get Rating) by 44.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,784,931 shares of the real estate investment trust’s stock after purchasing an additional 12,823,641 shares during the quarter. State Street Corp owned 10.34% of Realty Income worth $3,001,512,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. William Allan LLC purchased a new position in shares of Realty Income during the 4th quarter valued at about $633,000. LPL Financial LLC lifted its position in shares of Realty Income by 17.1% during the 4th quarter. LPL Financial LLC now owns 827,465 shares of the real estate investment trust’s stock valued at $59,238,000 after buying an additional 120,590 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Realty Income by 181.9% during the 4th quarter. IHT Wealth Management LLC now owns 23,784 shares of the real estate investment trust’s stock valued at $1,703,000 after buying an additional 15,348 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Realty Income by 47.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,534,233 shares of the real estate investment trust’s stock worth $181,425,000 after purchasing an additional 815,055 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Realty Income by 34.8% in the 4th quarter. Nuveen Asset Management LLC now owns 2,937,322 shares of the real estate investment trust’s stock worth $210,283,000 after purchasing an additional 757,658 shares in the last quarter. 76.46% of the stock is currently owned by hedge funds and other institutional investors.

O has been the topic of a number of research analyst reports. TheStreet raised Realty Income from a “c+” rating to a “b” rating in a report on Wednesday, May 4th. Morgan Stanley lowered their price target on Realty Income from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday. Wolfe Research cut Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 price target on the stock. in a report on Monday, May 23rd. StockNews.com initiated coverage on Realty Income in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a report on Monday, April 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $76.40.

NYSE O opened at $69.35 on Friday. The company has a market cap of $41.72 billion, a P/E ratio of 67.99, a P/E/G ratio of 4.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.95 and a current ratio of 2.03. The business’s 50 day moving average price is $69.49 and its 200-day moving average price is $68.90. Realty Income Co. has a fifty-two week low of $62.74 and a fifty-two week high of $75.40.

Realty Income (NYSE:O – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.63). The company had revenue of $807.30 million for the quarter, compared to the consensus estimate of $748.69 million. Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The business’s revenue for the quarter was up 82.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. As a group, equities analysts predict that Realty Income Co. will post 3.91 EPS for the current year.

The firm also recently disclosed a jun 22 dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be given a $0.247 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. Realty Income’s dividend payout ratio (DPR) is presently 290.20%.

Realty Income Company 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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