Realty Income Corporation (O) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in shares of Realty Income Corporation (NYSE:O) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,296 shares of the real estate investment trust’s stock after buying an additional 552 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Realty Income Corporation were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in O. BlackRock Inc. grew its holdings in Realty Income Corporation by 2,423.9% during the 1st 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 in the last quarter. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 3,674,028 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 1,876,658 shares in the last quarter. State Street Corp grew its holdings 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 purchasing an additional 1,545,797 shares in the last quarter. Finally, APG Asset Management US Inc. grew its holdings 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 purchasing an additional 1,111,300 shares in the last quarter. 69.18% of the stock is owned by institutional investors and hedge funds.

In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the sale, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

Shares of Realty Income Corporation (O) opened at 58.92 on Wednesday. The company has a 50-day moving average price of $57.58 and a 200-day moving average price of $57.53. The company has a market capitalization of $16.15 billion, a P/E ratio of 50.40 and a beta of 0.31. Realty Income Corporation has a 12 month low of $52.72 and a 12 month 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 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $289.86 million. During the same period in the previous year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that Realty Income Corporation will post $1.19 EPS for the current fiscal year.

The company also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be given a dividend of $0.212 per share. The ex-dividend date of this dividend is Friday, September 29th. Realty Income Corporation’s payout ratio is 217.09%.

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O has been the subject of a number of recent research reports. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and raised their target price for the company from $52.00 to $57.00 in a report on Friday, September 8th. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. BidaskClub lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Three 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. The company has a consensus rating of “Hold” and a consensus price target of $64.24.

Realty Income Corporation Profile

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.

Institutional Ownership by Quarter for Realty Income Corporation (NYSE:O)

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