Cozad Asset Management Inc. Buys New Stake in Realty Income Corp (O)

Cozad Asset Management Inc. bought a new stake in shares of Realty Income Corp (NYSE:O) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,421 shares of the real estate investment trust’s stock, valued at approximately $1,905,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in O. BlackRock Inc. lifted its position in shares of Realty Income by 4.6% in the second quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock valued at $1,630,791,000 after acquiring an additional 1,341,367 shares in the last quarter. Northern Trust Corp lifted its position in shares of Realty Income by 3.8% in the first quarter. Northern Trust Corp now owns 5,236,142 shares of the real estate investment trust’s stock valued at $270,866,000 after acquiring an additional 192,423 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Realty Income by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,190,100 shares of the real estate investment trust’s stock valued at $225,390,000 after acquiring an additional 78,488 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Realty Income by 1.2% in the second quarter. Bank of America Corp DE now owns 3,007,424 shares of the real estate investment trust’s stock valued at $161,769,000 after acquiring an additional 34,897 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Realty Income by 3.3% in the first quarter. Wells Fargo & Company MN now owns 2,801,806 shares of the real estate investment trust’s stock valued at $144,937,000 after acquiring an additional 90,154 shares in the last quarter. Institutional investors own 68.19% of the company’s stock.

Shares of O stock opened at $58.14 on Friday. Realty Income Corp has a 12-month low of $47.25 and a 12-month high of $59.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $16.85 billion, a PE ratio of 19.00, a PEG ratio of 4.12 and a beta of 0.10.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.45). Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The firm had revenue of $328.90 million during the quarter, compared to the consensus estimate of $311.95 million. During the same period last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts predict that Realty Income Corp will post 3.18 EPS for the current year.

The company also recently announced a sep 18 dividend, which will be paid on Friday, September 14th. Stockholders of record on Tuesday, September 4th will be issued a $0.22 dividend. The ex-dividend date is Friday, August 31st. This represents a dividend yield of 4.51%. Realty Income’s dividend payout ratio (DPR) is 86.27%.

In other news, EVP Michael R. Pfeiffer sold 10,000 shares of Realty Income stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $57.63, for a total value of $576,300.00. Following the sale, the executive vice president now directly owns 37,655 shares of the company’s stock, valued at $2,170,057.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $58.56, for a total value of $527,040.00. Following the sale, the director now directly owns 18,757 shares in the company, valued at $1,098,409.92. The disclosure for this sale can be found here. Insiders sold 89,067 shares of company stock worth $5,142,150 over the last ninety days. Insiders own 0.20% of the company’s stock.

O has been the topic of several research analyst reports. Mitsubishi UFJ Financial Group upgraded Realty Income from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $54.00 to $62.00 in a research report on Tuesday, July 10th. Janney Montgomery Scott downgraded Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Bank of America boosted their price objective on Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a research report on Monday, August 13th. Wells Fargo & Co set a $65.00 price objective on Realty Income and gave the company a “buy” rating in a research report on Tuesday, September 4th. Finally, Mizuho set a $58.00 price objective on Realty Income and gave the company a “hold” rating in a research report on Monday, August 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Realty Income has a consensus rating of “Hold” and a consensus price target of $58.21.

Realty Income Profile

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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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