4,362 Shares in Realty Income Corporation (O) Acquired by Axa

Axa acquired a new stake in shares of Realty Income Corporation (NYSE:O) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,362 shares of the real estate investment trust’s stock, valued at approximately $259,000.

Several other institutional investors also recently made changes to their positions in O. Alliancebernstein L.P. raised its position in shares of Realty Income Corporation by 26.0% in the first quarter. Alliancebernstein L.P. now owns 1,215,139 shares of the real estate investment trust’s stock valued at $72,337,000 after buying an additional 250,592 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Realty Income Corporation by 6.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,091,957 shares of the real estate investment trust’s stock valued at $64,614,000 after buying an additional 64,064 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Realty Income Corporation by 68.0% in the first quarter. AE Wealth Management LLC now owns 7,101 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 2,875 shares in the last quarter. Cibc World Markets Corp raised its position in shares of Realty Income Corporation by 24.7% in the first quarter. Cibc World Markets Corp now owns 53,331 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 10,571 shares in the last quarter. Finally, Concert Wealth Management Inc. raised its position in shares of Realty Income Corporation by 43.1% in the first quarter. Concert Wealth Management Inc. now owns 6,270 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 1,888 shares in the last quarter. Hedge funds and other institutional investors own 69.21% of the company’s stock.

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

Shares of Realty Income Corporation (NYSE:O) opened at 55.28 on Friday. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 48.15 and a beta of 0.36. The company has a 50 day moving average of $55.46 and a 200-day moving average of $58.23. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $72.29.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $298.03 million during the quarter, compared to analysts’ expectations of $281.11 million. During the same period last year, the company posted $0.70 EPS. Realty Income Corporation’s revenue was up 11.6% on a year-over-year basis. Analysts predict that Realty Income Corporation will post $1.23 EPS for the current year.

The firm also recently declared 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. This represents a $2.54 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, June 29th. Realty Income Corporation’s dividend payout ratio (DPR) is 221.93%.

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Separately, BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.15.

In related news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction dated Monday, June 19th. The shares were 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 of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert Israel sold 2,280 shares of Realty Income Corporation stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $58.97, for a total transaction of $134,451.60. Following the transaction, the senior vice president now directly owns 11,934 shares of the company’s stock, valued at $703,747.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,155 shares of company stock valued at $694,917. 0.30% of the stock is currently owned by corporate insiders.

Realty Income Corporation Company 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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