Realty Income Corporation (O) Stake Decreased by Balyasny Asset Management LLC
Balyasny Asset Management LLC decreased its stake in Realty Income Corporation (NYSE:O) by 43.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 327,118 shares of the real estate investment trust’s stock after selling 251,424 shares during the period. Balyasny Asset Management LLC owned 0.12% of Realty Income Corporation worth $18,050,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its stake in Realty Income Corporation by 314.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,462 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Realty Income Corporation during the first quarter worth approximately $119,000. Bessemer Group Inc. increased its position in Realty Income Corporation by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 652 shares during the period. Founders Capital Management increased its position in Realty Income Corporation by 34.9% during the second quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 630 shares during the period. Finally, IHT Wealth Management LLC increased its position in Realty Income Corporation by 6.1% during the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 68.98% of the company’s stock.
Several research analysts have weighed in on the company. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research report on Friday, July 14th. FBR & Co initiated coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $64.24.
In other news, Director Gregory Mclaughlin sold 3,200 shares of Realty Income Corporation stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.
Shares of Realty Income Corporation (NYSE O) opened at 57.07 on Tuesday. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $65.37. The firm has a market cap of $15.64 billion, a P/E ratio of 48.82 and a beta of 0.32. The firm has a 50-day moving average price of $58.01 and a 200-day moving average price of $57.39.
Realty Income Corporation (NYSE:O) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. On average, equities research analysts expect that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a $0.212 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a dividend yield of 4.33%. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
Realty Income Corporation 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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