Realty Income Corp (NYSE:O) CFO Paul M. Meurer sold 16,500 shares of the company’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $60.00, for a total transaction of $990,000.00. Following the sale, the chief financial officer now directly owns 53,662 shares in the company, valued at $3,219,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Realty Income Corp (NYSE:O) opened at 59.46 on Monday. The stock’s 50 day moving average is $60.14 and its 200-day moving average is $59.87. Realty Income Corp has a 12 month low of $52.72 and a 12 month high of $72.30. 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 (NYSE:O) last issued its quarterly earnings data 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. Realty Income Corp had a net margin of 28.37% and a return on equity of 5.04%. The business earned $287.84 million during the quarter, compared to analysts’ expectations of $282.54 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue was up 9.2% on a year-over-year basis. Equities analysts anticipate that Realty Income Corp will post $1.24 earnings per share for the current fiscal year.
The firm also recently disclosed a apr 17 dividend, which will be paid on Friday, April 14th. Shareholders of record on Monday, April 3rd will be paid a $0.211 dividend. This is a boost from Realty Income Corp’s previous apr 17 dividend of $0.21. The ex-dividend date is Thursday, March 30th. This represents a yield of 4.27%. Realty Income Corp’s payout ratio is 230.00%.
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A number of hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC acquired a new stake in shares of Realty Income Corp during the second quarter valued at $2,407,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Realty Income Corp by 2.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,828 shares of the company’s stock valued at $682,000 after buying an additional 267 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of Realty Income Corp during the second quarter valued at $1,520,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Realty Income Corp during the second quarter valued at $721,000. Finally, Macquarie Group Ltd. boosted its stake in shares of Realty Income Corp by 0.5% in the second quarter. Macquarie Group Ltd. now owns 66,036 shares of the company’s stock valued at $4,580,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 68.62% of the company’s stock.
A number of brokerages have recently issued reports on O. 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. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Realty Income Corp in a research report on Monday, January 9th. Zacks Investment Research lowered shares of Realty Income Corp from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Finally, Morgan Stanley upgraded shares of Realty Income Corp from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.68.
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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