Hexavest Inc. Acquires 19,760 Shares of Realty Income Corp (O)

Hexavest Inc. raised its position in Realty Income Corp (NYSE:O) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,292,818 shares of the real estate investment trust’s stock after purchasing an additional 19,760 shares during the period. Hexavest Inc.’s holdings in Realty Income were worth $73,716,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Realty Income by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,900 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 384 shares in the last quarter. Schroder Investment Management Group bought a new position in Realty Income during the second quarter worth $742,000. CIBC World Markets Inc. lifted its stake in Realty Income by 113.0% during the second quarter. CIBC World Markets Inc. now owns 7,514 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 3,987 shares during the last quarter. Eaton Vance Management increased its position in Realty Income by 0.9% in the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 47 shares during the period. Finally, Franklin Resources Inc. increased its position in Realty Income by 0.3% in the second quarter. Franklin Resources Inc. now owns 394,151 shares of the real estate investment trust’s stock worth $21,749,000 after buying an additional 1,134 shares during the period. Institutional investors own 69.92% of the company’s stock.

Realty Income Corp (O) traded up $0.22 during midday trading on Friday, reaching $53.28. The company had a trading volume of 2,239,300 shares, compared to its average volume of 1,923,287. The company has a market capitalization of $14,860.00, a P/E ratio of 43.67, a PEG ratio of 4.21 and a beta of 0.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income Corp has a fifty-two week low of $52.80 and a fifty-two week high of $63.60.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. equities research analysts predict that Realty Income Corp will post 2.91 EPS for the current year.

The business also recently declared a jan 17 dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Realty Income’s previous jan 17 dividend of $0.21. This represents a yield of 4.48%. Realty Income’s dividend payout ratio is 209.02%.

In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the transaction, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

A number of research analysts recently issued reports on O shares. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price on the stock in a report on Thursday, October 19th. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. FBR & Co set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Realty Income presently has an average rating of “Hold” and a consensus target price of $64.09.

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Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

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

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