DnB Asset Management AS increased its position in shares of Realty Income Corporation (NYSE:O) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Realty Income Corporation by 16.1% in the first quarter. First Trust Advisors LP now owns 411,419 shares of the real estate investment trust’s stock worth $24,492,000 after buying an additional 57,127 shares during the period. Lockheed Martin Investment Management Co. acquired a new stake in Realty Income Corporation during the first quarter worth $1,173,000. Cibc World Markets Corp increased its stake in 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 worth $3,175,000 after buying an additional 10,571 shares during the period. State of Wisconsin Investment Board increased its stake in Realty Income Corporation by 15.6% in the first quarter. State of Wisconsin Investment Board now owns 260,235 shares of the real estate investment trust’s stock worth $15,492,000 after buying an additional 35,053 shares during the period. Finally, Kentucky Retirement Systems acquired a new stake in Realty Income Corporation during the fourth quarter worth $1,079,000. Institutional investors own 69.19% of the company’s stock.
Realty Income Corporation (NYSE O) opened at 53.89 on Wednesday. The stock has a market capitalization of $14.72 billion, a PE ratio of 46.94 and a beta of 0.31. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $72.29. The company’s 50 day moving average is $55.32 and its 200-day moving average is $58.21.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share 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 business had revenue of $298.03 million during the quarter, compared to analysts’ expectations of $281.11 million. During the same period last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts forecast that Realty Income Corporation will post $1.23 earnings per share for the current fiscal year.
The firm also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.2115 dividend. The ex-dividend date of this dividend is Friday, July 28th. Realty Income Corporation’s payout ratio is 222.81%.
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A number of research firms have recently weighed in on O. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.74.
In other news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
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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