FNY Managed Accounts LLC Acquires New Holdings in Realty Income Corporation (O)
FNY Managed Accounts LLC acquired a new stake in Realty Income Corporation (NYSE:O) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,400 shares of the real estate investment trust’s stock, valued at approximately $137,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. grew its stake in Realty Income by 314.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,462 shares during the period. Bessemer Group Inc. grew its stake in Realty Income by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 652 shares during the period. Grove Bank & Trust grew its stake in Realty Income by 23.4% in the second quarter. Grove Bank & Trust now owns 2,766 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 525 shares during the period. Parallel Advisors LLC grew its stake in Realty Income by 2.9% in the second quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 87 shares during the period. Finally, BB&T Investment Services Inc. acquired a new position in Realty Income in the second quarter valued at about $194,000. Institutional investors and hedge funds own 67.54% of the company’s stock.
Realty Income Corporation (O) traded down $0.13 during mid-day trading on Monday, hitting $56.26. The stock had a trading volume of 827,566 shares, compared to its average volume of 1,745,204. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $15,889.86, a PE ratio of 18.43, a P/E/G ratio of 4.62 and a beta of 0.28. Realty Income Corporation has a 52 week low of $52.85 and a 52 week high of $63.60.
Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The firm had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that Realty Income Corporation will post 2.98 earnings per share for the current fiscal year.
The business also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Investors 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. This represents a yield of 4.49%. Realty Income’s dividend payout ratio (DPR) is presently 208.20%.
A number of research analysts have issued reports on O shares. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research note on Monday, November 20th. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Realty Income in a research note on Wednesday, November 1st. Capital One Financial Corporation reissued an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research report on Wednesday, November 1st. Finally, FBR & Co set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $65.43.
In related news, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total transaction of $306,764.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory Mclaughlin sold 3,200 shares of the 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 transaction, the director now directly owns 15,986 shares of the company’s stock, valued at $940,776.10. The disclosure for this sale can be found here. Insiders have sold 10,549 shares of company stock valued at $593,646 over the last three months. Insiders own 0.30% of the company’s stock.
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About Realty Income
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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