Oppenheimer & Co. Inc. lowered its stake in shares of Realty Income Corporation (NYSE:O) by 5.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 74,932 shares of the real estate investment trust’s stock after selling 4,051 shares during the period. Oppenheimer & Co. Inc.’s holdings in Realty Income Corporation were worth $4,461,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. AE Wealth Management LLC bought a new stake in shares of Realty Income Corporation during the fourth quarter valued at $243,000. Thrivent Financial for Lutherans boosted its stake in shares of Realty Income Corporation by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 65,888 shares of the real estate investment trust’s stock valued at $3,787,000 after buying an additional 3,890 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Realty Income Corporation during the fourth quarter valued at $1,664,000. Lebenthal Asset Management LLC boosted its stake in shares of Realty Income Corporation by 3.9% in the fourth quarter. Lebenthal Asset Management LLC now owns 15,950 shares of the real estate investment trust’s stock valued at $917,000 after buying an additional 605 shares in the last quarter. Finally, RB Capital Management LLC bought a new stake in shares of Realty Income Corporation during the fourth quarter valued at $521,000. Hedge funds and other institutional investors own 69.21% of the company’s stock.
Realty Income Corporation (NYSE O) opened at 55.28 on Monday. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 48.15 and a beta of 0.36. The stock’s 50 day moving average price is $55.46 and its 200 day moving average price is $58.23. Realty Income Corporation has a one year low of $52.72 and a one year high of $72.29.
Realty Income Corporation (NYSE:O) last released its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. Realty Income Corporation had a return on equity of 5.16% and a net margin of 29.47%. The business had revenue of $298.03 million for the quarter, compared to the consensus estimate of $281.11 million. During the same quarter in the previous year, the company posted $0.70 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post $1.23 earnings per share for the current fiscal year.
The company also recently disclosed 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 an increase from Realty Income Corporation’s previous monthly dividend of $0.21. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $2.54 dividend on an annualized basis and a yield of 4.59%. Realty Income Corporation’s payout ratio is presently 221.93%.
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Separately, BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.15.
In other Realty Income Corporation news, SVP Robert Israel sold 2,280 shares of Realty Income Corporation stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $58.97, for a total value of $134,451.60. Following the sale, the senior vice president now owns 11,934 shares of the company’s stock, valued at approximately $703,747.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the sale, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,155 shares of company stock worth $694,917. Corporate 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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