As Realty Income Co (O) Stock Price Declined, Shareholder Hexavest Boosted Stake; Private Management Group Has Lowered Jpmorgan Chase & Co (JPM) Position as Stock Price Declined

February 15, 2018 - By Stephen Andrade

Hexavest Inc increased its stake in Realty Income Corp Co (O) by 3.43% based on its latest 2017Q3 regulatory filing with the SEC. Hexavest Inc bought 42,165 shares as the company’s stock declined 10.86% while stock markets rallied. The hedge fund held 1.27 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $72.81 million, up from 1.23 million at the end of the previous reported quarter. Hexavest Inc who had been investing in Realty Income Corp Co for a number of months, seems to be bullish on the $13.77B market cap company. The stock increased 1.41% or $0.68 during the last trading session, reaching $48.78. About 665,747 shares traded. Realty Income Corporation (NYSE:O) has declined 8.21% since February 15, 2017 and is downtrending. It has underperformed by 24.91% the S&P500.

Private Management Group Inc decreased its stake in Jpmorgan Chase & Co (JPM) by 2.14% based on its latest 2017Q3 regulatory filing with the SEC. Private Management Group Inc sold 11,506 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 527,145 shares of the major banks company at the end of 2017Q3, valued at $50.35M, down from 538,651 at the end of the previous reported quarter. Private Management Group Inc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $394.88 billion market cap company. The stock increased 0.23% or $0.27 during the last trading session, reaching $115.3. About 3.53M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 15, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.




Among 16 analysts covering Realty Income (NYSE:O), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Realty Income had 33 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 20 by Zacks. As per Tuesday, December 13, the company rating was upgraded by Morgan Stanley. The stock of Realty Income Corporation (NYSE:O) has “Buy” rating given on Monday, November 14 by Stifel Nicolaus. The company was initiated on Thursday, August 25 by BTIG Research. The firm has “Buy” rating given on Sunday, August 20 by Stifel Nicolaus. The rating was downgraded by Raymond James to “Underperform” on Monday, January 9. Wunderlich initiated the stock with “Hold” rating in Tuesday, October 27 report. The stock of Realty Income Corporation (NYSE:O) has “Sell” rating given on Thursday, October 29 by UBS. As per Tuesday, February 16, the company rating was downgraded by Wunderlich. The rating was initiated by DA Davidson with “Neutral” on Thursday, July 23.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.01, from 1.26 in 2017Q2. It is positive, as 38 investors sold O shares while 149 reduced holdings. 52 funds opened positions while 186 raised stakes. 193.75 million shares or 4.42% more from 185.55 million shares in 2017Q2 were reported. Aspiriant Limited owns 11,259 shares for 0.05% of their portfolio. Cwm Limited Co has 0.01% invested in Realty Income Corporation (NYSE:O). Perigon Wealth Mgmt Limited Company accumulated 1,302 shares. Evercore Wealth Mgmt Limited Liability holds 0.01% or 4,705 shares. Geode Management has 2.90M shares for 0.06% of their portfolio. Apriem holds 3,950 shares. Bnp Paribas Arbitrage Sa reported 253,883 shares stake. Moreover, Daiwa Sb Invs Ltd has 0.03% invested in Realty Income Corporation (NYSE:O) for 2,140 shares. State Of Tennessee Treasury Department reported 0.02% stake. Private Trust Na holds 0.07% or 6,004 shares in its portfolio. Anchor Capital Advsrs Limited Liability Company holds 0.02% of its portfolio in Realty Income Corporation (NYSE:O) for 7,775 shares. Indiana-based Indiana & Company has invested 0.13% in Realty Income Corporation (NYSE:O). Cohen & Steers Inc stated it has 0.33% of its portfolio in Realty Income Corporation (NYSE:O). Missouri-based Community Fincl Bank Of Raymore has invested 9.24% in Realty Income Corporation (NYSE:O). Rnc Cap Mngmt Lc owns 5,529 shares.

Hexavest Inc, which manages about $16.29 billion and $8.16B US Long portfolio, decreased its stake in Enbridge Inc Prop (NYSE:ENB) by 185,399 shares to 370,029 shares, valued at $15.42M in 2017Q3, according to the filing. It also reduced its holding in Costco Whsl Corp Prop (NASDAQ:COST) by 204,777 shares in the quarter, leaving it with 231,286 shares, and cut its stake in Turquoise Hill Res (NYSE:TRQ).

Since September 19, 2017, it had 0 buys, and 1 sale for $188,320 activity.

Since August 21, 2017, it had 1 insider buy, and 10 selling transactions for $23.24 million activity. $902,608 worth of JPMorgan Chase & Co. (NYSE:JPM) shares were sold by Friedman Stacey. $1.03 million worth of stock was sold by Lake Marianne on Saturday, January 13. The insider CROWN JAMES S bought 7,280 shares worth $825,327. BACON ASHLEY sold $1.84M worth of stock. On Saturday, January 13 Erdoes Mary E. sold $7.31 million worth of JPMorgan Chase & Co. (NYSE:JPM) or 65,101 shares. Petno Douglas B sold 48,344 shares worth $5.43 million.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Sandler O’Neill on Tuesday, January 16. On Monday, October 10 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Sunday, July 16 by Bank of America. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, June 6. Deutsche Bank downgraded JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, September 26 to “Hold” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Outperform” rating by Wells Fargo on Thursday, August 10. The firm earned “Buy” rating on Wednesday, February 24 by Jefferies. As per Monday, January 25, the company rating was downgraded by Nomura. The rating was maintained by RBC Capital Markets on Thursday, June 15 with “Buy”. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by BMO Capital Markets on Thursday, June 1.

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