Realty Income Corp (O) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in shares of Realty Income Corp (NYSE:O) by 67.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 638,723 shares of the real estate investment trust’s stock after selling 1,298,497 shares during the quarter. Deutsche Bank AG’s holdings in Realty Income were worth $36,417,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of O. Virtue Capital Management LLC bought a new position in shares of Realty Income in the 4th quarter valued at about $665,000. Wolverine Asset Management LLC bought a new position in shares of Realty Income in the 4th quarter valued at about $158,000. Jefferies Group LLC boosted its stake in shares of Realty Income by 584.9% in the 4th quarter. Jefferies Group LLC now owns 66,652 shares of the real estate investment trust’s stock valued at $3,800,000 after purchasing an additional 56,920 shares during the last quarter. Granite Springs Asset Management LLC bought a new position in shares of Realty Income in the 4th quarter valued at about $349,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Realty Income by 19.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 253,226 shares of the real estate investment trust’s stock valued at $14,439,000 after purchasing an additional 41,312 shares during the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Realty Income Corp (NYSE:O) opened at $51.47 on Friday. The firm has a market cap of $14,536.32, a P/E ratio of 46.37, a P/E/G ratio of 3.89 and a beta of 0.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 1.15. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $62.31.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.44. The business had revenue of $298.90 million for the quarter, compared to the consensus estimate of $301.53 million. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. Realty Income’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. research analysts predict that Realty Income Corp will post 3.16 earnings per share for the current fiscal year.

The company also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a $0.2195 dividend. This represents a dividend yield of 5.15%. This is an increase from Realty Income’s previous apr 18 dividend of $0.22. The ex-dividend date is Thursday, March 29th. Realty Income’s dividend payout ratio (DPR) is currently 236.94%.

Several research analysts have recently issued reports on O shares. Raymond James Financial raised shares of Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Citigroup raised shares of Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price on the stock in a research note on Monday, November 20th. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. One research 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 presently has an average rating of “Hold” and a consensus target price of $62.08.

In related news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total value of $114,687.64. Following the sale, the executive vice president now directly owns 17,531 shares in the company, valued at approximately $883,387.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

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Realty Income Company Profile

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

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