Realty Income Corporation (NYSE:O) Director Priya Cherian Huskins sold 8,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Realty Income Corporation (NYSE O) traded down 0.79% during trading on Monday, reaching $56.22. 1,802,953 shares of the company’s stock were exchanged. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $72.29. The company’s 50-day moving average is $55.60 and its 200 day moving average is $58.16. The stock has a market capitalization of $15.35 billion, a PE ratio of 48.97 and a beta of 0.36.
Realty Income Corporation (NYSE:O) last posted its 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. 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%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. On average, analysts forecast that Realty Income Corporation will post $1.23 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, July 14th. Shareholders of record on Monday, July 3rd will be given a $0.2115 dividend. The ex-dividend date is Thursday, June 29th. This is a boost from Realty Income Corporation’s previous monthly dividend of $0.21. This represents a $2.54 annualized dividend and a yield of 4.51%. Realty Income Corporation’s payout ratio 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 research report on Saturday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.15.
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Realty Income Corporation during the fourth quarter valued at approximately $11,654,000. Bessemer Group Inc. boosted its position 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 boosted its position 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. boosted its position in shares of 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 worth $1,161,000 after buying an additional 837 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of 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 worth $58,603,000 after buying an additional 449,693 shares in the last quarter. Hedge funds and other institutional investors own 69.21% 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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