Realty Income Corp. (O) to Issue $0.20 Nov 16 Dividend
Realty Income Corp. (NYSE:O) declared a nov 16 dividend on Tuesday, October 11th. Stockholders of record on Tuesday, November 1st will be paid a dividend of 0.202 per share on Tuesday, November 15th. The ex-dividend date is Friday, October 28th.
Realty Income Corp. (NYSE:O) opened at 60.81 on Wednesday. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 55.79 and a beta of 0.33. The stock’s 50 day moving average is $65.58 and its 200 day moving average is $65.15. Realty Income Corp. has a one year low of $45.98 and a one year high of $72.30.
Realty Income Corp. (NYSE:O) last released its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $260.06 million for the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. Realty Income Corp.’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. On average, equities analysts forecast that Realty Income Corp. will post $2.85 EPS for the current year.
In other news, Director Ronald Merriman sold 2,500 shares of Realty Income Corp. stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total transaction of $166,700.00. Following the completion of the sale, the director now directly owns 12,075 shares in the company, valued at approximately $805,161. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathleen Allen sold 4,000 shares of Realty Income Corp. stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.49, for a total value of $281,960.00. Following the sale, the director now owns 74,000 shares of the company’s stock, valued at $5,216,260. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Cleararc Capital Inc. raised its stake in shares of Realty Income Corp. by 2.3% in the second quarter. Cleararc Capital Inc. now owns 6,257 shares of the company’s stock valued at $434,000 after buying an additional 143 shares in the last quarter. Veritable L.P. raised its stake in Realty Income Corp. by 8.7% in the second quarter. Veritable L.P. now owns 3,528 shares of the company’s stock valued at $245,000 after buying an additional 283 shares during the period. Bank of Nova Scotia raised its stake in Realty Income Corp. by 8.5% in the second quarter. Bank of Nova Scotia now owns 5,080 shares of the company’s stock valued at $352,000 after buying an additional 400 shares during the period. Ameritas Investment Partners Inc. raised its stake in Realty Income Corp. by 8.8% in the second quarter. Ameritas Investment Partners Inc. now owns 5,093 shares of the company’s stock valued at $353,000 after buying an additional 412 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Realty Income Corp. by 13.5% in the second quarter. Pacer Advisors Inc. now owns 4,420 shares of the company’s stock valued at $307,000 after buying an additional 526 shares during the period. Institutional investors and hedge funds own 70.99% of the company’s stock.
A number of research firms recently issued reports on O. Vetr raised Realty Income Corp. from a “hold” rating to a “buy” rating in a report on Saturday. BTIG Research began coverage on Realty Income Corp. in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. RBC Capital Markets reissued a “sector perform” rating and issued a $66.00 price target (up previously from $58.00) on shares of Realty Income Corp. in a research note on Monday, August 1st. Finally, Royal Bank Of Canada lifted their price target on Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Realty Income Corp. has an average rating of “Hold” and a consensus target price of $63.32.
About Realty Income Corp.
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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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