Toronto Dominion Bank grew its holdings in Realty Income Corp (NYSE:O) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,016 shares of the real estate investment trust’s stock after purchasing an additional 17,005 shares during the quarter. Toronto Dominion Bank’s holdings in Realty Income were worth $6,900,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. APG Asset Management US Inc. grew its position in shares of Realty Income by 36.5% during the fourth quarter. APG Asset Management US Inc. now owns 2,882,000 shares of the real estate investment trust’s stock worth $164,332,000 after acquiring an additional 770,700 shares during the last quarter. JPMorgan Chase & Co. grew its position in Realty Income by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock valued at $256,540,000 after buying an additional 437,803 shares during the last quarter. Bank of New York Mellon Corp grew its position in Realty Income by 8.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after buying an additional 322,239 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Realty Income by 743.1% during the 3rd quarter. Advantus Capital Management Inc now owns 231,321 shares of the real estate investment trust’s stock worth $13,229,000 after purchasing an additional 203,885 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Realty Income by 7.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,626,834 shares of the real estate investment trust’s stock worth $150,228,000 after purchasing an additional 172,658 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on O. Mizuho reissued a “hold” rating and issued a $53.00 target price on shares of Realty Income in a research note on Friday, March 2nd. B. Riley set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Monday, December 4th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research note on Monday, November 20th. Finally, Citigroup upgraded Realty Income to a “market perform” rating in a report on Wednesday, December 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Realty Income has a consensus rating of “Hold” and an average target price of $62.08.
Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The firm had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. research analysts predict that Realty Income Corp will post 3.16 earnings per share for the current year.
The firm also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be paid a $0.2195 dividend. Realty Income’s payout ratio is 236.94%.
In related news, EVP Benjamin N. Fox sold 2,276 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the transaction, the executive vice president now owns 17,531 shares of the company’s stock, valued at $883,387.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.
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About Realty Income
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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