Westpac Banking Corp boosted its position in Realty Income Corp. (NYSE:O) by 52.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,337 shares of the company’s stock after buying an additional 14,273 shares during the period. Westpac Banking Corp’s holdings in Realty Income Corp. were worth $2,343,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Gateway Advisory LLC bought a new position in shares of Realty Income Corp. during the first quarter valued at approximately $869,000. Franklin Resources Inc. raised its position in shares of Realty Income Corp. by 14.7% in the first quarter. Franklin Resources Inc. now owns 544,230 shares of the company’s stock valued at $34,020,000 after buying an additional 69,600 shares in the last quarter. Wrapmanager Inc. raised its position in shares of Realty Income Corp. by 6.4% in the first quarter. Wrapmanager Inc. now owns 11,906 shares of the company’s stock valued at $744,000 after buying an additional 719 shares in the last quarter. Allegis Investment Advisors LLC raised its position in shares of Realty Income Corp. by 24.5% in the first quarter. Allegis Investment Advisors LLC now owns 14,750 shares of the company’s stock valued at $922,000 after buying an additional 2,899 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA raised its position in shares of Realty Income Corp. by 7.8% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 19,992 shares of the company’s stock valued at $1,184,000 after buying an additional 1,452 shares in the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s stock.
Shares of Realty Income Corp. (NYSE:O) traded up 0.21% on Wednesday, hitting $68.32. The stock had a trading volume of 99,595 shares. The firm has a market cap of $17.67 billion, a P/E ratio of 62.68 and a beta of 0.39. Realty Income Corp. has a 12-month low of $45.65 and a 12-month high of $72.30. The company’s 50-day moving average price is $66.70 and its 200 day moving average price is $64.95.
Realty Income Corp. (NYSE:O) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.02. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The business earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. During the same period in the previous year, the company posted $0.69 earnings per share. Realty Income Corp.’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.
The firm also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a $0.202 dividend. This represents a yield of 3.77%. This is an increase from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date is Thursday, September 29th. Realty Income Corp.’s dividend payout ratio is presently 222.02%.
Several equities research analysts have recently weighed in on O shares. Vetr downgraded Realty Income Corp. from a “hold” rating to a “sell” rating and set a $59.00 price objective for the company. in a report on Wednesday, June 1st. Royal Bank Of Canada increased their price target on Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a report on Monday, August 1st. BTIG Research initiated coverage on Realty Income Corp. in a report on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Stifel Nicolaus increased their price target on Realty Income Corp. from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Realty Income Corp. presently has an average rating of “Hold” and an average target price of $64.31.
In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total transaction of $166,700.00. Following the sale, the director now owns 12,075 shares in the company, valued at approximately $805,161. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathleen Allen sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total value of $281,960.00. Following the sale, the director now owns 74,000 shares in the company, valued at approximately $5,216,260. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Realty Income Corp. 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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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