Advisor Group Inc. Has $14.83 Million Stake in Realty Income Corporation (O)
Advisor Group Inc. grew its holdings in shares of Realty Income Corporation (NYSE:O) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,243 shares of the real estate investment trust’s stock after purchasing an additional 9,254 shares during the period. Advisor Group Inc. owned approximately 0.09% of Realty Income Corporation worth $14,830,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of O. Gateway Investment Advisers LLC lifted its holdings in shares of Realty Income Corporation by 5.9% during the 2nd quarter. Gateway Investment Advisers LLC now owns 20,738 shares of the real estate investment trust’s stock valued at $1,144,000 after purchasing an additional 1,157 shares during the last quarter. National Pension Service raised its stake in Realty Income Corporation by 9.6% in the 2nd quarter. National Pension Service now owns 252,075 shares of the real estate investment trust’s stock worth $14,058,000 after acquiring an additional 22,072 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Realty Income Corporation by 0.7% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 236,310 shares of the real estate investment trust’s stock worth $13,040,000 after acquiring an additional 1,533 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Realty Income Corporation by 518.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 42,653 shares of the real estate investment trust’s stock worth $2,354,000 after acquiring an additional 35,756 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in Realty Income Corporation by 20.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 4,246 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 67.20% of the company’s stock.
Shares of Realty Income Corporation (NYSE:O) traded up $0.41 during trading on Monday, reaching $56.68. 1,141,334 shares of the company were exchanged, compared to its average volume of 1,767,230. The stock has a market cap of $15,980.00, a price-to-earnings ratio of 18.39, a PEG ratio of 4.59 and a beta of 0.28. Realty Income Corporation has a 1 year low of $52.85 and a 1 year high of $63.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.
Realty Income Corporation (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, topping the Zacks’ consensus estimate of $0.31 by $0.01. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. During the same period last year, the company posted $0.72 EPS. The business’s revenue was up 10.8% on a year-over-year basis. equities analysts anticipate that Realty Income Corporation will post 3 EPS for the current fiscal year.
The company also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, November 30th. Realty Income Corporation’s payout ratio is presently 208.20%.
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In related news, Director Gregory Mclaughlin sold 3,200 shares of Realty Income Corporation 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 in the company, valued at approximately $940,776.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Meurer sold 5,603 shares of Realty Income Corporation stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
O has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. UBS AG raised 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, September 8th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Morgan Stanley raised their target price on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.43.
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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