Realty Income Corporation (NYSE:O) 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 directly 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 can be accessed through the SEC website.
Realty Income Corporation (NYSE:O) traded up 1.03% during mid-day trading on Friday, hitting $54.69. 1,048,127 shares of the company traded hands. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 47.64 and a beta of 0.31. The company’s 50-day moving average is $55.32 and its 200-day moving average is $58.21. Realty Income Corporation has a one year low of $52.72 and a one year high of $72.30.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $298.03 million for the quarter, compared to analysts’ expectations of $281.11 million. Realty Income Corporation had a return on equity of 5.16% and a net margin of 29.47%. Realty Income Corporation’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. Analysts predict that Realty Income Corporation will post $1.23 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Friday, July 14th. Shareholders of record on Monday, July 3rd will be paid a $0.2115 dividend. 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 4.64%. The ex-dividend date is Thursday, June 29th. Realty Income Corporation’s payout ratio is 222.81%.
A number of institutional investors have recently made changes to their positions in O. Russell Investments Group Ltd. acquired a new stake in shares of Realty Income Corporation during the fourth quarter worth $11,654,000. Bessemer Group Inc. raised its stake in shares of Realty Income Corporation by 10,596.0% in the fourth quarter. Bessemer Group Inc. now owns 2,674 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 2,649 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Realty Income Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,824 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 56 shares in the last quarter. Baird Financial Group Inc. raised its stake in Realty Income Corporation by 4.3% in the fourth quarter. Baird Financial Group Inc. now owns 20,190 shares of the real estate investment trust’s stock valued at $1,161,000 after buying an additional 837 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Realty Income Corporation by 77.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,027,893 shares of the real estate investment trust’s stock valued at $58,603,000 after buying an additional 449,693 shares in the last quarter. 69.22% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on O. BidaskClub lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. 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 issued a buy rating to the stock. Realty Income Corporation currently has a consensus rating of “Hold” and an average price target of $64.74.
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.
Receive News & Ratings for Realty Income Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corporation and related companies with our FREE daily email newsletter.