WESPAC Advisors LLC increased its stake in Realty Income Corp. (NYSE:O) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 3,698 shares of the company’s stock after buying an additional 108 shares during the period. WESPAC Advisors LLC’s holdings in Realty Income Corp. were worth $256,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in O. Strs Ohio boosted its position in Realty Income Corp. by 1.1% in the second quarter. Strs Ohio now owns 437,576 shares of the company’s stock valued at $30,350,000 after buying an additional 4,650 shares in the last quarter. HL Financial Services LLC boosted its position in Realty Income Corp. by 10.4% in the second quarter. HL Financial Services LLC now owns 13,681 shares of the company’s stock valued at $949,000 after buying an additional 1,289 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in Realty Income Corp. during the second quarter valued at $202,000. Louisiana State Employees Retirement System boosted its position in Realty Income Corp. by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the company’s stock valued at $1,172,000 after buying an additional 200 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Realty Income Corp. during the second quarter valued at $25,258,000. 70.97% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Corp. (NYSE:O) traded up 1.78% during trading on Wednesday, hitting $66.76. The stock had a trading volume of 1,458,175 shares. The firm’s 50-day moving average price is $66.88 and its 200-day moving average price is $64.63. Realty Income Corp. has a 52-week low of $45.65 and a 52-week high of $72.30. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 61.25 and a beta of 0.39.
Realty Income Corp. (NYSE:O) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.02. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The firm had revenue of $260.06 million for the quarter, compared to analyst estimates of $274.34 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that Realty Income Corp. will post $2.85 EPS for the current fiscal year.
The company also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.202 per share. The ex-dividend date is Thursday, September 29th. This represents a yield of 3.77%. This is a boost from Realty Income Corp.’s previous oct 16 dividend of $0.20. Realty Income Corp.’s payout ratio is currently 222.02%.
A number of research firms recently commented on O. Vetr upgraded Realty Income Corp. from a “strong sell” rating to a “strong-buy” rating and set a $84.79 price objective for the company in a research report on Tuesday, August 2nd. Wunderlich upped their price objective on Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. upped their price objective on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Zacks Investment Research cut Realty Income Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, BTIG Research began coverage on Realty Income Corp. in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $65.14.
In other Realty Income Corp. news, SVP Benjamin N. Fox sold 2,174 shares of Realty Income Corp. stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $65.79, for a total transaction of $143,027.46. Following the completion of the transaction, the senior vice president now owns 12,130 shares in the company, valued at approximately $798,032.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Allen sold 4,000 shares of Realty Income Corp. stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.49, for a total value of $281,960.00. Following the transaction, the director now owns 74,000 shares of the company’s stock, valued at approximately $5,216,260. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
About Realty Income Corp.
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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp. (NYSE:O).
Receive News & Ratings for Realty Income Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corp. and related companies with MarketBeat.com's FREE daily email newsletter.