Morningstar Investment Management LLC Takes Position in Realty Income Co. (NYSE:O)

Morningstar Investment Management LLC acquired a new position in shares of Realty Income Co. (NYSE:O – Get Rating) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,512 shares of the real estate investment trust’s stock, valued at approximately $223,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in shares of Realty Income by 2.3% in the 4th quarter. Amalgamated Bank now owns 164,467 shares of the real estate investment trust’s stock worth $10,432,000 after buying an additional 3,696 shares during the last quarter. Samalin Investment Counsel LLC purchased a new position in Realty Income in the fourth quarter worth $224,000. Excalibur Management Corp increased its position in shares of Realty Income by 11.3% during the fourth quarter. Excalibur Management Corp now owns 4,665 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 474 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Realty Income by 71.8% during the 4th quarter. Sei Investments Co. now owns 1,824,453 shares of the real estate investment trust’s stock valued at $115,725,000 after purchasing an additional 762,263 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of Realty Income by 1.6% in the 4th quarter. New York Life Investment Management LLC now owns 98,033 shares of the real estate investment trust’s stock worth $6,218,000 after purchasing an additional 1,519 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Realty Income Price Performance

Shares of O stock traded up $0.12 on Friday, reaching $58.56. 1,144,745 shares of the company were exchanged, compared to its average volume of 3,452,297. The company has a market cap of $39.42 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 2.93 and a beta of 0.80. Realty Income Co. has a 1 year low of $55.50 and a 1 year high of $75.11. The business has a 50-day moving average price of $61.55 and a 200 day moving average price of $63.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O – Get Rating) last released its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.62). Realty Income had a net margin of 25.72% and a return on equity of 3.12%. The firm had revenue of $888.65 million during the quarter, compared to analysts’ expectations of $840.57 million. During the same quarter last year, the business earned $0.94 EPS. The business’s revenue was up 29.7% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.03 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a may 23 dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.255 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 31st. Realty Income’s dividend payout ratio (DPR) is 215.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus increased their price target on Realty Income from $71.00 to $71.25 in a research note on Thursday, May 4th. Royal Bank of Canada boosted their target price on shares of Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. StockNews.com assumed coverage on shares of Realty Income in a research note on Thursday, May 18th. They set a “sell” rating for the company. Mizuho reduced their target price on Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. Finally, Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price target on the stock in a research note on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $71.47.

Realty Income Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.