Realty Income Corp (NYSE:O) SVP Benjamin N. Fox sold 1,847 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $59.55, for a total transaction of $109,988.85. Following the transaction, the senior vice president now directly owns 17,432 shares in the company, valued at approximately $1,038,075.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Realty Income Corp (NYSE:O) opened at 59.46 on Monday. The company’s 50-day moving average is $60.14 and its 200-day moving average is $59.87. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 52.62 and a beta of 0.37. Realty Income Corp has a 12-month low of $52.72 and a 12-month high of $72.29.
Realty Income Corp (NYSE:O) last released its earnings results on Wednesday, February 22nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $287.84 million for the quarter, compared to the consensus estimate of $282.54 million. Realty Income Corp had a net margin of 28.37% and a return on equity of 5.04%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that Realty Income Corp will post $1.24 earnings per share for the current fiscal year.
The company also recently announced a apr 17 dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, April 3rd will be given a $0.211 dividend. This is an increase from Realty Income Corp’s previous apr 17 dividend of $0.21. This represents a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, March 30th. Realty Income Corp’s dividend payout ratio (DPR) is 230.00%.
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O has been the subject of several recent research reports. Zacks Investment Research raised shares of Realty Income Corp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, January 4th. Bank of America Corp lowered shares of Realty Income Corp from a “buy” rating to a “neutral” rating in a research report on Monday, December 5th. Morgan Stanley raised shares of Realty Income Corp from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 12th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Realty Income Corp in a research report on Monday, January 9th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.68.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Access Financial Services Inc. purchased a new position in Realty Income Corp during the fourth quarter valued at $312,000. Norges Bank bought a new stake in Realty Income Corp during the fourth quarter valued at approximately $82,979,000. Sowell Financial Services LLC bought a new stake in Realty Income Corp during the fourth quarter valued at approximately $393,000. AE Wealth Management LLC bought a new stake in Realty Income Corp during the fourth quarter valued at approximately $243,000. Finally, Thrivent Financial for Lutherans boosted its stake in Realty Income Corp by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 65,888 shares of the company’s stock valued at $3,787,000 after buying an additional 3,890 shares in the last quarter. 68.62% of the stock is currently owned by institutional investors and hedge funds.
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. 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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