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Realty Income's stock sees institutional buy-in despite missing earnings estimates, with a dividend hike to $0.264.
Several institutional investors increased their stakes in Realty Income Co. (NYSE:O) in the fourth quarter, with ST Germain D J Co. Inc. raising its holdings by 306.5%.
Despite a disappointing quarterly earnings report, missing estimates by $0.75, Realty Income has a market cap of $45.27 billion and recently raised its dividend to $0.264, yielding 5.7%.
Analysts have a "Hold" rating on the stock with a target price of $62.50.
3 months ago
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