Blue Fin Capital Inc. reduced its position in Realty Income Corporation (NYSE:O) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,865 shares of the real estate investment trust’s stock after selling 185 shares during the period. Blue Fin Capital Inc.’s holdings in Realty Income Corporation were worth $599,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted 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 worth $1,554,926,000 after buying an additional 25,085,115 shares in the last quarter. JPMorgan Chase & Co. boosted 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 worth $315,509,000 after buying an additional 3,674,028 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $2,737,174,000 after buying an additional 1,876,658 shares in the last quarter. State Street Corp boosted 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 worth $1,053,156,000 after buying an additional 1,545,797 shares in the last quarter. Finally, APG Asset Management US Inc. boosted 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 worth $116,502,000 after buying an additional 1,111,300 shares in the last quarter. 68.74% of the stock is owned by hedge funds and other institutional investors.
Realty Income Corporation (NYSE:O) opened at 56.48 on Friday. The firm’s 50 day moving average price is $56.39 and its 200-day moving average price is $57.94. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $69.14. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 48.31 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last issued its 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. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. During the same period last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Realty Income Corporation will post $1.20 earnings per share for the current year.
The business also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.2115 dividend. The ex-dividend date is Friday, July 28th. This represents a yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
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A number of analysts have commented on the company. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Canaccord Genuity assumed coverage on 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. Morgan Stanley lifted their price target on Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. FBR & Co assumed coverage on Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price target for the company. Finally, BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $63.68.
In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the transaction, the director now directly owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The sale was disclosed in a filing with the SEC, which is available at this link. Company 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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