Wells Fargo & Company MN lifted its stake in Realty Income Corporation (NYSE:O) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,454,176 shares of the real estate investment trust’s stock after buying an additional 36,555 shares during the quarter. Wells Fargo & Company MN owned approximately 0.90% of Realty Income Corporation worth $135,421,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its position in Realty Income Corporation by 314.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,462 shares in the last quarter. Founders Capital Management purchased a new position in Realty Income Corporation during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC purchased a new position in Realty Income Corporation during the first quarter worth approximately $119,000. Bessemer Group Inc. boosted its position in Realty Income Corporation by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 652 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in Realty Income Corporation by 6.1% during the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 69.18% of the company’s stock.
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In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the transaction, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
Realty Income Corporation (NYSE:O) opened at 59.33 on Monday. The firm has a market cap of $16.26 billion, a PE ratio of 50.75 and a beta of 0.31. The firm’s 50 day moving average price is $57.52 and its 200-day moving average price is $57.61. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. During the same period in the previous year, the firm posted $0.70 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post $1.19 EPS for the current fiscal year.
The firm also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.2115 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a yield of 4.46%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
A number of equities analysts have issued reports on O shares. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their price target for the stock from $52.00 to $57.00 in a research report on Friday. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Morgan Stanley increased their price target on Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Finally, FBR & Co started coverage on Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price target on the stock. Three 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $64.24.
About Realty Income Corporation
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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