Lockheed Martin Investment Management Co. boosted its stake in shares of Realty Income Corporation (NYSE:O) by 167.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,700 shares of the real estate investment trust’s stock after buying an additional 33,000 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Realty Income Corporation were worth $2,908,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in O. BlackRock Inc. raised its stake in shares of Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock valued at $1,554,926,000 after buying an additional 25,085,115 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock valued at $315,509,000 after buying an additional 3,674,028 shares during the period. Vanguard Group Inc. raised its stake in shares of Realty Income Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock valued at $2,737,174,000 after buying an additional 1,876,658 shares during the period. State Street Corp raised its stake in shares of Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock valued at $1,053,156,000 after buying an additional 1,545,797 shares during the period. Finally, APG Asset Management US Inc. raised its stake in shares of Realty Income Corporation by 111.1% in the second quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock valued at $116,502,000 after buying an additional 1,111,300 shares during the period. 68.74% of the stock is currently owned by hedge funds and other institutional investors.
Realty Income Corporation (NYSE O) traded down 0.95% during mid-day trading on Friday, hitting $56.48. 1,274,561 shares of the stock traded hands. The firm’s 50-day moving average is $56.39 and its 200 day moving average is $57.94. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.14. The firm has a market cap of $15.48 billion, a P/E ratio of 48.31 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. Equities analysts predict that Realty Income Corporation will post $1.20 EPS for the current fiscal year.
The business also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a dividend of $0.2115 per share. The ex-dividend date is Friday, July 28th. This represents a dividend yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
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A number of research firms have weighed in on O. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. FBR & Co began coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Realty Income Corporation currently has a consensus rating of “Hold” and a consensus target price of $63.68.
In related news, Director Priya Cherian Huskins sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total transaction of $449,840.00. Following the completion of the transaction, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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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