Home Wealth Advisor ERTS Wealth Advisors LLC Acquires New Position in Realty Income Corp (O) – Fairfield Current

ERTS Wealth Advisors LLC Acquires New Position in Realty Income Corp (O) – Fairfield Current

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ERTS Wealth Advisors LLC bought a new position in Realty Income Corp (NYSE:O) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,390 shares of the real estate investment trust’s stock, valued at approximately $151,000.

A number of other institutional investors have also recently made changes to their positions in O. Strs Ohio increased its holdings in shares of Realty Income by 12.6% during the fourth quarter. Strs Ohio now owns 479,507 shares of the real estate investment trust’s stock valued at $30,228,000 after acquiring an additional 53,780 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Realty Income by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 2,121,860 shares of the real estate investment trust’s stock valued at $120,713,000 after acquiring an additional 293,655 shares in the last quarter. Unigestion Holding SA acquired a new position in shares of Realty Income during the fourth quarter valued at about $353,000. Hayden Royal LLC acquired a new position in shares of Realty Income during the fourth quarter valued at about $406,000. Finally, M&T Bank Corp increased its holdings in shares of Realty Income by 13.5% during the fourth quarter. M&T Bank Corp now owns 39,022 shares of the real estate investment trust’s stock valued at $2,460,000 after acquiring an additional 4,649 shares in the last quarter. Institutional investors and hedge funds own 74.89% of the company’s stock.

Shares of O traded up $0.06 during midday trading on Thursday, reaching $71.36. The company had a trading volume of 93,095 shares, compared to its average volume of 1,704,027. Realty Income Corp has a 1-year low of $48.80 and a 1-year high of $71.91. The company has a market capitalization of $21.66 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 5.19 and a beta of 0.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.80.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.48. The firm had revenue of $342.60 million during the quarter, compared to the consensus estimate of $330.23 million. Realty Income had a return on equity of 4.78% and a net margin of 27.38%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. As a group, equities analysts anticipate that Realty Income Corp will post 3.27 earnings per share for the current fiscal year.

The company also recently announced a apr 19 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.226 per share. The ex-dividend date is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is 84.95%.

Several equities analysts recently weighed in on O shares. Citigroup set a $70.00 price target on shares of Realty Income and gave the stock a “hold” rating in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Thursday, January 3rd. Finally, Bank of America upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday, November 15th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Realty Income presently has a consensus rating of “Hold” and a consensus price target of $59.45.

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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.

Further Reading: What are the FAANG Stocks?

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

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