Daiwa Securities Group Inc. lowered its stake in Realty Income Corporation (NYSE:O) by 9.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 45,700 shares of the real estate investment trust’s stock after selling 4,700 shares during the period. Daiwa Securities Group Inc.’s holdings in Realty Income Corporation were worth $2,522,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Founders Capital Management purchased a new stake in Realty Income Corporation during the first quarter worth $107,000. Harbour Capital Advisors LLC purchased a new stake in Realty Income Corporation during the first quarter worth $119,000. Bessemer Group Inc. boosted its stake in Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 652 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Realty Income Corporation during the first quarter worth $144,000. Finally, IHT Wealth Management LLC boosted its stake in Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares in the last quarter. Institutional investors own 68.67% of the company’s stock.
Shares of Realty Income Corporation (NYSE:O) traded down 0.59% during midday trading on Friday, reaching $56.85. 1,444,570 shares of the company’s stock traded hands. The stock’s 50 day moving average is $56.55 and its 200-day moving average is $57.85. The company has a market capitalization of $15.58 billion, a PE ratio of 48.63 and a beta of 0.32. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $69.14.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same period last year, the company earned $0.70 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts forecast that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.
The company also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.2115 dividend. This represents a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
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A number of analysts recently commented on the stock. FBR & Co started coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 target price for the company. BidaskClub lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Canaccord Genuity started coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $63.68.
In other news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the transaction, the director now directly owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.
About Realty Income Corporation
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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