Northstar Wealth Partners LLC Has $646,000 Position in Realty Income Corporation (NYSE:O)
Northstar Wealth Partners LLC cut its stake in shares of Realty Income Corporation (NYSE:O) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,057 shares of the real estate investment trust’s stock after selling 541 shares during the period. Northstar Wealth Partners LLC’s holdings in Realty Income Corporation were worth $646,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Founders Capital Management acquired a new position in shares of Realty Income Corporation during the first quarter valued at about $107,000. Harbour Capital Advisors LLC acquired a new position in shares of Realty Income Corporation during the first quarter valued at about $119,000. Bessemer Group Inc. raised its position in shares of Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Realty Income Corporation during the first quarter valued at about $144,000. Finally, IHT Wealth Management LLC raised its position in shares of Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 143 shares during the last quarter. 68.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Realty Income Corporation (O) opened at 57.45 on Monday. The company’s 50-day moving average price is $56.17 and its 200-day moving average price is $58.05. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.54. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 49.14 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data 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 return on equity of 5.14% and a net margin of 29.19%. The company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Analysts anticipate that Realty Income Corporation will post $1.21 EPS for the current year.
The firm also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.2115 dividend. The ex-dividend date is Friday, July 28th. This represents a dividend yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
Several equities analysts have recently issued reports on O shares. Canaccord Genuity started coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price target on shares of Realty Income Corporation in a research note on Friday, July 14th. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Finally, FBR & Co started coverage on Realty Income Corporation in a research note on Monday, July 17th. They issued 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 issued a buy rating to the company’s stock. Realty Income Corporation has an average rating of “Hold” and an average 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 dated Monday, June 19th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
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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