Realty Income Corporation (O) Position Raised by Sigma Planning Corp
Sigma Planning Corp increased its stake in Realty Income Corporation (NYSE:O) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,664 shares of the real estate investment trust’s stock after acquiring an additional 929 shares during the quarter. Sigma Planning Corp’s holdings in Realty Income Corporation were worth $2,612,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. APG Asset Management US Inc. grew its holdings in shares of Realty Income Corporation by 111.1% during the second quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock worth $116,502,000 after buying an additional 1,111,300 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Realty Income Corporation 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 buying an additional 1,024,539 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Realty Income Corporation by 1.8% during 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 in the last quarter. Standard Life Investments LTD purchased a new stake in shares of Realty Income Corporation during the second quarter worth $29,611,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Realty Income Corporation by 92.8% during 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 in the last quarter. 67.20% of the stock is owned by institutional investors.
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A number of equities research analysts recently issued reports on O shares. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and upped their price objective for the company from $52.00 to $57.00 in a report on Friday, September 8th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Canaccord Genuity started coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective for the company. Morgan Stanley upped their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, Vetr raised shares of Realty Income Corporation from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company 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 company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $188,320.00. Following the completion of the transaction, the director now owns 15,986 shares in the company, valued at $940,776.10. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.
Shares of Realty Income Corporation (NYSE:O) traded down $0.08 on Tuesday, hitting $56.59. 506,362 shares of the stock traded hands, compared to its average volume of 1,766,264. The firm has a market capitalization of $15,900.00, a PE 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 issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million for the quarter, compared to analysts’ expectations of $292.73 million. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. equities research analysts forecast that Realty Income Corporation will post 3 EPS for the current year.
The company also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 4.49%. Realty Income Corporation’s payout ratio is 208.20%.
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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