Macquarie Group Ltd. lifted its stake in shares of Realty Income Corporation (NYSE:O) by 112.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 449,136 shares of the real estate investment trust’s stock after acquiring an additional 237,774 shares during the quarter. Macquarie Group Ltd. owned about 0.16% of Realty Income Corporation worth $24,783,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FCG Advisors LLC boosted its holdings in Realty Income Corporation by 0.5% during the second quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 18 shares in the last quarter. Bennicas & Associates Inc. boosted its holdings in Realty Income Corporation by 0.6% during the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 33 shares in the last quarter. RiverPoint Capital Management LLC boosted its holdings in Realty Income Corporation by 0.9% during the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 34 shares in the last quarter. Eaton Vance Management boosted its holdings in Realty Income Corporation by 0.9% during the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 47 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its holdings in Realty Income Corporation by 0.4% during the first quarter. Financial Advisors Network Inc. now owns 14,582 shares of the real estate investment trust’s stock worth $797,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.
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O has been the subject of a number of research reports. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $61.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Finally, FBR & Co initiated coverage on shares of Realty Income Corporation in a report on Monday, July 17th. They set a “market perform” rating and a $56.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $64.71.
In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the sale, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.
Shares of Realty Income Corporation (NYSE O) opened at 56.61 on Wednesday. The company has a market capitalization of $15.52 billion, a PE ratio of 48.43 and a beta of 0.32. The company’s 50-day moving average is $57.93 and its 200-day moving average is $57.26. Realty Income Corporation has a one year low of $52.72 and a one year high of $63.60.
Realty Income Corporation (NYSE:O) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts predict that Realty Income Corporation will post $1.19 earnings per share for the current year.
The company also recently announced a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.212 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. Realty Income Corporation’s payout ratio is presently 217.09%.
Realty Income Corporation 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.
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