Realty Income Corporation (O) Shares Bought by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. raised its position in Realty Income Corporation (NYSE:O) by 13.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,219 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Realty Income Corporation were worth $1,171,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Realty Income Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock worth $2,737,174,000 after buying an additional 1,876,658 shares during the last quarter. BlackRock Inc. increased its stake in shares of Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock valued at $1,554,926,000 after buying an additional 25,085,115 shares during the period. State Street Corp increased its stake in shares of Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock valued at $1,053,156,000 after buying an additional 1,545,797 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock valued at $315,509,000 after buying an additional 3,674,028 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Realty Income Corporation by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,516,493 shares of the real estate investment trust’s stock valued at $209,333,000 after buying an additional 90,203 shares during the period. Institutional investors and hedge funds own 68.74% of the company’s stock.
Shares of Realty Income Corporation (O) opened at 56.48 on Friday. The stock has a 50 day moving average of $56.39 and a 200-day moving average of $57.94. The firm has a market capitalization of $15.48 billion, a P/E ratio of 48.31 and a beta of 0.32. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.14.
Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that Realty Income Corporation will post $1.20 earnings per share for the current fiscal year.
The business also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. This represents a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, July 28th. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
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Several equities research analysts have issued reports on O shares. Canaccord Genuity started coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Realty Income Corporation in a research report on Friday, July 14th. BidaskClub downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Morgan Stanley raised their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.68.
In other news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the completion of the transaction, the director now directly owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.
Realty Income Corporation 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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