Hill Winds Capital LP grew its stake in shares of Realty Income Corp (NYSE:O) by 42.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,000 shares of the real estate investment trust’s stock after purchasing an additional 17,000 shares during the quarter. Realty Income makes up 2.8% of Hill Winds Capital LP’s portfolio, making the stock its 17th largest holding. Hill Winds Capital LP’s holdings in Realty Income were worth $4,197,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new stake in Realty Income in the fourth quarter worth $36,000. Quest Capital Management Inc. ADV acquired a new position in shares of Realty Income during the third quarter valued at $41,000. Clear Harbor Asset Management LLC acquired a new position in shares of Realty Income during the fourth quarter valued at $44,000. Princeton Global Asset Management LLC bought a new position in shares of Realty Income during the fourth quarter worth about $45,000. Finally, Gradient Investments LLC grew its position in shares of Realty Income by 268.2% during the fourth quarter. Gradient Investments LLC now owns 626 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 456 shares during the last quarter. Institutional investors and hedge funds own 76.08% of the company’s stock.
Several brokerages recently weighed in on O. Raymond James upgraded shares of Realty Income from a “market perform” rating to an “outperform” rating and set a $79.00 price objective on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada restated a “hold” rating and issued a $75.00 target price on shares of Realty Income in a research report on Sunday, December 22nd. Mizuho upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Wednesday, January 15th. Finally, Citigroup raised Realty Income from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $87.00 in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $81.82.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.44). The company had revenue of $397.50 million during the quarter, compared to analyst estimates of $375.16 million. Realty Income had a return on equity of 4.89% and a net margin of 29.26%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. On average, equities research analysts expect that Realty Income Corp will post 3.52 EPS for the current year.
The business also recently declared a feb 20 dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a $0.2325 dividend. This represents a dividend yield of 3.5%. The ex-dividend date is Friday, February 28th. Realty Income’s dividend payout ratio is currently 84.04%.
About Realty Income
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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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