American Research & Management Co. Cuts Position in Realty Income Corporation (NYSE:O)

American Research & Management Co. reduced its position in Realty Income Corporation (NYSE:O) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,721 shares of the real estate investment trust’s stock after selling 675 shares during the period. Realty Income Corporation accounts for 1.2% of American Research & Management Co.’s investment portfolio, making the stock its 28th largest position. American Research & Management Co.’s holdings in Realty Income Corporation were worth $3,626,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in Realty Income Corporation by 3.5% in the second quarter. Great West Life Assurance Co. Can now owns 224,936 shares of the real estate investment trust’s stock worth $12,394,000 after buying an additional 7,504 shares during the last quarter. Alpha Cubed Investments LLC raised its position in Realty Income Corporation by 18.7% in the second quarter. Alpha Cubed Investments LLC now owns 18,440 shares of the real estate investment trust’s stock worth $1,018,000 after buying an additional 2,900 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Realty Income Corporation by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 104,127 shares of the real estate investment trust’s stock worth $5,746,000 after buying an additional 4,601 shares during the last quarter. Schnieders Capital Management LLC raised its position in Realty Income Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 36,664 shares of the real estate investment trust’s stock worth $2,023,000 after buying an additional 150 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its position in Realty Income Corporation by 4,659.3% in the second quarter. Harbour Capital Advisors LLC now owns 95,186 shares of the real estate investment trust’s stock worth $1,725,000 after buying an additional 93,186 shares during the last quarter. Institutional investors own 68.74% of the company’s stock.

Realty Income Corporation (NYSE:O) traded down 0.95% during midday trading on Friday, hitting $56.48. The stock had a trading volume of 1,274,561 shares. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 48.31 and a beta of 0.32. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.14. The stock has a 50 day moving average of $56.39 and a 200 day moving average of $57.94.

Realty Income Corporation (NYSE:O) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $289.86 million. During the same quarter last year, the business earned $0.70 earnings per share. Realty Income Corporation’s revenue was up 10.8% compared to the same quarter last year. Analysts expect that Realty Income Corporation will post $1.20 EPS for the current fiscal year.

The company also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. The ex-dividend date is Friday, July 28th. This represents a yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is currently 217.09%.

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A number of research firms have weighed in on O. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. FBR & Co began coverage on Realty Income Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $56.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price objective on shares of Realty Income Corporation in a research note on Friday, July 14th. BidaskClub lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Canaccord Genuity initiated coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $63.68.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s 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 sale, the director now owns 20,513 shares in the company, valued at $1,153,445.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Realty Income Corporation (NYSE:O)

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