Realty Income Corp (O) Stake Lessened by Archford Capital Strategies LLC
Archford Capital Strategies LLC reduced its stake in shares of Realty Income Corp (NYSE:O) by 10.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,584 shares of the real estate investment trust’s stock after selling 2,059 shares during the quarter. Archford Capital Strategies LLC’s holdings in Realty Income were worth $1,006,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of O. BlackRock Inc. boosted its stake 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 valued at $1,497,836,000 after purchasing an additional 1,024,539 shares during the period. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 834,811 shares during the period. Standard Life Investments LTD purchased a new stake in Realty Income in the second quarter worth about $29,611,000. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 437,803 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in 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 acquiring an additional 380,379 shares during the period. 70.04% of the stock is owned by hedge funds and other institutional investors.
In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction dated 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 can be accessed through this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, 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. Over the last three months, insiders have sold 10,549 shares of company stock valued at $593,646. Insiders own 0.30% of the company’s stock.
Realty Income Corp (NYSE O) traded up $1.13 during mid-day trading on Thursday, hitting $56.87. 2,421,700 shares of the company’s stock traded hands, compared to its average volume of 1,756,612. The stock has a market capitalization of $16,000.00, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 4.58 and a beta of 0.29. Realty Income Corp has a 1-year low of $52.85 and a 1-year high of $63.60. 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 (NYSE:O) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. sell-side analysts expect that Realty Income Corp will post 2.98 EPS for the current year.
The company also recently declared a jan 17 dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.2125 per share. This represents a dividend yield of 4.48%. This is a positive change from Realty Income’s previous jan 17 dividend of $0.21. The ex-dividend date is Friday, December 29th. Realty Income’s dividend payout ratio is presently 208.20%.
A number of analysts recently weighed in on O shares. UBS raised shares of Realty Income from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. FBR & Co set a $56.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Realty Income has a consensus rating of “Hold” and an average price target of $64.09.
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Realty Income Company 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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