Assetmark Inc. reduced its position in Realty Income Corporation (NYSE:O) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,991 shares of the real estate investment trust’s stock after selling 873 shares during the period. Assetmark Inc.’s holdings in Realty Income Corporation were worth $1,071,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. FCG Advisors LLC increased its stake in shares of Realty Income Corporation by 0.4% in the third quarter. FCG Advisors LLC now owns 3,578 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 14 shares in the last quarter. Wesbanco Bank Inc. boosted its position in Realty Income Corporation by 0.6% in the fourth quarter. Wesbanco Bank Inc. now owns 4,237 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 25 shares during the period. Checchi Capital Advisers LLC boosted its position in Realty Income Corporation by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 3,755 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 26 shares during the period. Sheets Smith Wealth Management boosted its position in Realty Income Corporation by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 11,443 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 30 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Realty Income Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,824 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Realty Income Corporation (NYSE:O) traded down 0.42% on Friday, hitting $56.67. 2,831,773 shares of the stock traded hands. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $72.29. The stock has a 50-day moving average price of $55.60 and a 200 day moving average price of $58.16. The stock has a market cap of $15.47 billion, a P/E ratio of 49.36 and a beta of 0.36.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Realty Income Corporation had a net margin of 29.47% and a return on equity of 5.16%. The business had revenue of $298.03 million during the quarter, compared to analysts’ expectations of $281.11 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. Realty Income Corporation’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts expect that Realty Income Corporation will post $1.23 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be given a dividend of $0.2115 per share. This is a boost from Realty Income Corporation’s previous monthly dividend of $0.21. The ex-dividend date is Thursday, June 29th. This represents a $2.54 annualized dividend and a yield of 4.48%. Realty Income Corporation’s dividend payout ratio is currently 221.93%.
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In other news, CEO John Case sold 28,000 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $59.78, for a total value of $1,673,840.00. Following the completion of the transaction, the chief executive officer now owns 195,051 shares of the company’s stock, valued at $11,660,148.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Meurer sold 16,500 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $60.00, for a total transaction of $990,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,662 shares of the company’s stock, valued at approximately $3,219,720. The disclosure for this sale can be found here. Insiders have sold 77,241 shares of company stock valued at $4,617,465 in the last ninety days. 0.30% of the stock is currently owned by company insiders.
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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