Voya Investment Management LLC lowered its stake in shares of Realty Income Corporation (NYSE:O) by 2.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 148,791 shares of the real estate investment trust’s stock after selling 3,074 shares during the period. Voya Investment Management LLC owned about 0.05% of Realty Income Corporation worth $8,210,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Bronfman E.L. Rothschild L.P. increased its stake in shares of Realty Income Corporation by 314.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 1,462 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Realty Income Corporation in the 1st quarter valued at about $119,000. Bessemer Group Inc. increased its stake in shares of Realty Income Corporation by 42.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 652 shares in the last quarter. Founders Capital Management increased its stake in shares of Realty Income Corporation by 34.9% in the 2nd quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 630 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Realty Income Corporation by 6.1% in the 1st quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.
O has been the subject of several recent analyst reports. Canaccord Genuity initiated coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price target on shares of Realty Income Corporation in a research note on Friday, July 14th. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Finally, FBR & Co initiated coverage on Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Realty Income Corporation has an average rating of “Hold” and a consensus target price of $64.27.
Shares of Realty Income Corporation (O) opened at 56.48 on Monday. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $63.60. The stock’s 50 day moving average is $57.97 and its 200 day moving average is $57.34. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 48.31 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same period in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.
The company also recently announced a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be given a dividend of $0.212 per share. The ex-dividend date is Friday, September 29th. This represents a yield of 4.33%. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. Realty Income Corporation’s dividend payout ratio (DPR) is 217.09%.
In related news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.
Realty Income Corporation 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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