IFM Investors Pty Ltd Buys New Stake in Realty Income Corp (O)

IFM Investors Pty Ltd bought a new position in shares of Realty Income Corp (NYSE:O) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,755 shares of the real estate investment trust’s stock, valued at approximately $444,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of O. BlackRock Inc. lifted its position in shares of Realty Income by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after purchasing an additional 1,024,539 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Realty Income by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after buying an additional 834,811 shares during the last quarter. Standard Life Investments LTD bought a new stake in shares of Realty Income in the second quarter worth $29,611,000. JPMorgan Chase & Co. increased its stake in shares of Realty Income by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock worth $256,540,000 after buying an additional 437,803 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Realty Income by 92.8% in the second quarter. Principal Financial Group Inc. now owns 790,148 shares of the real estate investment trust’s stock worth $43,600,000 after buying an additional 380,379 shares during the last quarter. 70.04% of the stock is currently owned by institutional investors and hedge funds.

In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total transaction of $98,561.70. Following the sale, the senior vice president now owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,549 shares of company stock valued at $593,646. 0.30% of the stock is owned by insiders.

A number of analysts recently issued reports on O shares. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research note on Monday, November 20th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price target on shares of Realty Income in a research note on Wednesday, November 1st. Capital One Financial restated an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. Finally, FBR & Co set a $56.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Realty Income currently has an average rating of “Hold” and a consensus target price of $64.09.

Shares of Realty Income Corp (NYSE O) opened at $57.40 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income Corp has a 12 month low of $52.85 and a 12 month high of $63.60. The firm has a market cap of $16,053.31, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 4.70 and a beta of 0.29.

Realty Income (NYSE:O) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The firm had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts forecast that Realty Income Corp will post 2.97 EPS for the current year.

The firm also recently announced a jan 17 dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.2125 per share. This is a positive change from Realty Income’s previous jan 17 dividend of $0.21. The ex-dividend date of this dividend is Friday, December 29th. This represents a yield of 4.48%. Realty Income’s payout ratio is presently 208.20%.

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

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