Murphy Capital Management Inc. continued to hold its stake in shares of Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,675 shares of the real estate investment trust’s stock at the end of the second quarter. Murphy Capital Management Inc.’s holdings in Realty Income Corporation were worth $202,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of O. Quadrature Capital Ltd purchased a new stake in shares of Realty Income Corporation during the fourth quarter worth about $774,000. UBS Asset Management Americas Inc. boosted its stake in shares of Realty Income Corporation by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 977,508 shares of the real estate investment trust’s stock worth $56,187,000 after buying an additional 32,331 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Realty Income Corporation by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 321,961 shares of the real estate investment trust’s stock worth $18,506,000 after buying an additional 16,990 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Realty Income Corporation during the fourth quarter worth about $1,079,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Realty Income Corporation during the fourth quarter valued at approximately $481,000. Institutional investors and hedge funds own 68.74% of the company’s stock.
Shares of Realty Income Corporation (O) traded down 0.95% during trading on Friday, hitting $56.48. The company’s stock had a trading volume of 1,274,561 shares. The company 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 1-year low of $52.72 and a 1-year high of $69.14. The firm’s 50 day moving average is $56.39 and its 200-day moving average is $57.94.
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 (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Analysts forecast that Realty Income Corporation will post $1.20 EPS for the current fiscal year.
The firm also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.2115 dividend. This represents a yield of 4.63%. The ex-dividend date is Friday, July 28th. Realty Income Corporation’s dividend payout ratio (DPR) is currently 217.09%.
Several equities analysts recently commented on O shares. Canaccord Genuity started coverage on Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Finally, FBR & Co started coverage on Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.68.
In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the sale, the director now 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 is accessible through this link. Company insiders own 0.30% of the company’s stock.
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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