Realty Income Corp (O) Position Boosted by HCR Wealth Advisors

HCR Wealth Advisors increased its stake in shares of Realty Income Corp (NYSE:O) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,012 shares of the real estate investment trust’s stock after buying an additional 667 shares during the period. Realty Income Corp accounts for about 1.1% of HCR Wealth Advisors’ holdings, making the stock its 25th largest position. HCR Wealth Advisors’ holdings in Realty Income Corp were worth $2,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. DnB Asset Management AS increased its position in shares of Realty Income Corp by 26.5% in the first quarter. DnB Asset Management AS now owns 27,200 shares of the real estate investment trust’s stock valued at $1,619,000 after buying an additional 5,700 shares during the last quarter. First Trust Advisors LP increased its position in shares of Realty Income Corp by 16.1% in the first quarter. First Trust Advisors LP now owns 411,419 shares of the real estate investment trust’s stock valued at $24,492,000 after buying an additional 57,127 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new position in shares of Realty Income Corp during the first quarter valued at $1,173,000. Kentucky Retirement Systems bought a new position in shares of Realty Income Corp during the fourth quarter valued at $1,079,000. Finally, Retirement Systems of Alabama increased its position in shares of Realty Income Corp by 6.9% in the first quarter. Retirement Systems of Alabama now owns 131,048 shares of the real estate investment trust’s stock valued at $7,801,000 after buying an additional 8,478 shares during the last quarter. Hedge funds and other institutional investors own 68.62% of the company’s stock.

Institutional Ownership by Quarter for Realty Income Corp (NYSE:O)

Shares of Realty Income Corp (NYSE O) traded up 0.66% during trading on Friday, hitting $55.25. The stock had a trading volume of 919,669 shares. The company has a market cap of $15.09 billion, a P/E ratio of 48.13 and a beta of 0.37. The stock has a 50-day moving average price of $56.29 and a 200 day moving average price of $58.17. 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 posted its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. Realty Income Corp had a return on equity of 5.04% and a net margin of 28.37%. The firm had revenue of $298.03 million during the quarter, compared to analysts’ expectations of $281.11 million. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts expect that Realty Income Corp will post $1.23 EPS for the current fiscal year.

The business also recently declared a jun 17 dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.211 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a dividend yield of 4.71%. Realty Income Corp’s dividend payout ratio is presently 230.00%.

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In other Realty Income Corp news, CFO Paul M. Meurer sold 16,500 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $60.00, for a total transaction of $990,000.00. Following the completion of the sale, the chief financial officer now owns 53,662 shares of the company’s stock, valued at $3,219,720. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Sumit Roy sold 14,651 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $60.02, for a total value of $879,353.02. Following the sale, the chief operating officer now directly owns 85,815 shares of the company’s stock, valued at approximately $5,150,616.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,241 shares of company stock valued at $4,617,465. Insiders own 0.30% of the company’s stock.

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. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “O”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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