Realty Income Corp (O) Position Cut by Nepsis Capital Management Inc.
Nepsis Capital Management Inc. cut its stake in Realty Income Corp (NYSE:O) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,958 shares of the real estate investment trust’s stock after selling 3,461 shares during the period. Nepsis Capital Management Inc.’s holdings in Realty Income Corp were worth $1,724,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of O. Synovus Financial Corp boosted its stake in shares of Realty Income Corp by 1,745.3% in the third quarter. Synovus Financial Corp now owns 1,956 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,850 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Realty Income Corp by 10,596.0% in the fourth quarter. Bessemer Group Inc. now owns 2,674 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 2,649 shares during the period. Parallel Advisors LLC purchased a new stake in shares of Realty Income Corp during the fourth quarter worth about $173,000. National Asset Management Inc. boosted its stake in shares of Realty Income Corp by 3.5% in the third quarter. National Asset Management Inc. now owns 3,185 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 108 shares during the period. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Realty Income Corp by 15.9% in the third quarter. Mosaic Family Wealth LLC now owns 3,194 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 437 shares during the period. Hedge funds and other institutional investors own 68.62% of the company’s stock.
Shares of Realty Income Corp (NYSE:O) opened at 62.07 on Friday. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 54.93 and a beta of 0.37. Realty Income Corp has a 12-month low of $52.72 and a 12-month high of $72.29. The stock has a 50 day moving average of $59.80 and a 200 day moving average of $59.04.
Realty Income Corp (NYSE:O) last issued its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The firm earned $287.84 million during the quarter, compared to the consensus estimate of $282.54 million. Realty Income Corp had a return on equity of 5.04% and a net margin of 28.37%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Equities research analysts predict that Realty Income Corp will post $1.24 earnings per share for the current fiscal year.
The firm also recently declared a may 17 dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a dividend of $0.211 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a yield of 4.13%. Realty Income Corp’s dividend payout ratio (DPR) is presently 230.00%.
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A number of analysts have recently issued reports on O shares. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Realty Income Corp in a research note on Monday, January 9th. Zacks Investment Research lowered shares of Realty Income Corp from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $64.15.
In other news, SVP Benjamin N. Fox sold 1,847 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $59.55, for a total value of $109,988.85. Following the completion of the sale, the senior vice president now owns 17,432 shares in the company, valued at $1,038,075.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory Mclaughlin sold 1,875 shares of the company’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $59.00, for a total value of $110,625.00. Following the completion of the sale, the director now owns 15,186 shares of the company’s stock, valued at approximately $895,974. The disclosure for this sale can be found here. Insiders have sold a total of 77,241 shares of company stock valued at $4,617,465 in the last quarter. 0.30% of the stock is currently owned by insiders.
Realty Income Corp 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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