DnB Asset Management AS increased its position in Realty Income Corporation (NYSE:O) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,600 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. DnB Asset Management AS’s holdings in Realty Income Corporation were worth $1,523,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position 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. increased its stake in 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 during the last quarter. Vanguard Group Inc. increased its stake in 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 during the last quarter. State Street Corp increased its stake in 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 during the last quarter. Finally, Norges Bank acquired a new stake in Realty Income Corporation during the fourth quarter worth about $82,979,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.
Shares of Realty Income Corporation (O) traded up 0.72% during midday trading on Friday, hitting $57.45. 1,694,663 shares of the stock traded hands. The company’s 50 day moving average price is $56.17 and its 200-day moving average price is $58.05. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 49.14 and a beta of 0.32. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.54.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, equities research analysts expect that Realty Income Corporation will post $1.21 EPS for the current year.
The company also recently declared a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a dividend yield of 4.63%. Realty Income Corporation’s payout ratio is 217.09%.
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A number of equities research analysts recently issued reports on the stock. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. FBR & Co assumed coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $56.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research note on Friday, July 14th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target on the stock. Finally, BidaskClub downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Realty Income Corporation presently has a consensus rating of “Hold” and a consensus target price of $63.68.
In other news, Director Priya Cherian Huskins sold 8,000 shares of the business’s 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 transaction, the director now 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. 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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