Strs Ohio cut its stake in shares of Realty Income Corporation (NYSE:O) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,103 shares of the real estate investment trust’s stock after selling 49,338 shares during the period. Strs Ohio owned approximately 0.14% of Realty Income Corporation worth $21,691,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of O. FCG Advisors LLC increased its stake in shares of Realty Income Corporation by 0.5% in the first quarter. FCG Advisors LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 17 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Realty Income Corporation by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 3,755 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 26 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Realty Income Corporation by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 11,443 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 30 shares during the period. Bennicas & Associates Inc. increased its stake in shares of Realty Income Corporation by 0.6% in the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 33 shares during the period. Finally, RiverPoint Capital Management LLC increased its stake in shares of Realty Income Corporation by 0.9% in the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 68.74% of the company’s stock.
Realty Income Corporation (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 firm has a 50 day moving average price of $56.39 and a 200 day moving average price of $57.94. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14. The stock has a market cap of $15.48 billion, a PE ratio of 48.31 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. Equities analysts expect that Realty Income Corporation will post $1.20 EPS for the current year.
The company 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 $0.2115 dividend. This represents a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, July 28th. Realty Income Corporation’s payout ratio is presently 217.09%.
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Several research analysts have recently issued reports on O shares. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Canaccord Genuity initiated coverage on 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. Morgan Stanley increased their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. FBR & Co initiated coverage on Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price objective for the company. Finally, BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Four 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 company currently has an average rating of “Hold” and an average target price of $63.68.
In related news, Director Priya Cherian Huskins sold 8,000 shares of the company’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 completion of the transaction, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by 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.
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