Public Employees Retirement System of Ohio trimmed its position in Realty Income Corporation (NYSE:O) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,869 shares of the real estate investment trust’s stock after selling 2,920 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of Realty Income Corporation worth $7,663,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Kalos Management Inc. lifted its holdings in Realty Income Corporation by 3.1% in the 2nd quarter. Kalos Management Inc. now owns 51,208 shares of the real estate investment trust’s stock valued at $2,825,000 after purchasing an additional 1,547 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Realty Income Corporation during the 2nd quarter worth about $194,000. Nomura Holdings Inc. purchased a new position in shares of Realty Income Corporation during the 2nd quarter worth about $1,142,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Realty Income Corporation by 23.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock worth $8,837,000 after acquiring an additional 30,444 shares during the period. Finally, Laurel Wealth Advisors Inc. lifted its holdings in shares of Realty Income Corporation by 2.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 35,958 shares of the real estate investment trust’s stock worth $1,984,000 after acquiring an additional 899 shares during the period. Institutional investors own 68.95% of the company’s stock.
Realty Income Corporation (NYSE O) opened at 55.54 on Friday. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $63.60. The company has a market capitalization of $15.22 billion, a PE ratio of 47.51 and a beta of 0.32. The company’s 50-day moving average price is $57.71 and its 200 day moving average price is $57.14.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. Realty Income Corporation’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, equities research analysts anticipate that Realty Income Corporation will post $1.19 EPS for the current year.
The company also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, October 31st. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
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In other news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.
Several research analysts have recently weighed in on the stock. Vetr upgraded shares of Realty Income Corporation from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a report on Thursday. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $52.00 to $57.00 in a report on Friday, September 8th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.80.
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.
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