Realty Income Corporation (NYSE:O) Stake Decreased by Creative Planning
Creative Planning decreased its position in shares of Realty Income Corporation (NYSE:O) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,229 shares of the real estate investment trust’s stock after selling 4,496 shares during the period. Creative Planning’s holdings in Realty Income Corporation were worth $4,924,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in O. Vanguard Group Inc. increased its stake in Realty Income Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock worth $2,737,174,000 after buying an additional 1,876,658 shares in the last quarter. BlackRock Inc. increased its stake in Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock worth $1,554,926,000 after buying an additional 25,085,115 shares in the last quarter. State Street Corp increased its stake in Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after buying an additional 1,545,797 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock worth $315,509,000 after buying an additional 3,674,028 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Realty Income Corporation by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,516,493 shares of the real estate investment trust’s stock worth $209,333,000 after buying an additional 90,203 shares during the last quarter. 69.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Realty Income Corporation (O) opened at 57.45 on Monday. The stock has a 50 day moving average price of $56.17 and a 200 day moving average price of $58.05. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $69.54. The company has a market capitalization 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 results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. During the same period last year, the company posted $0.70 EPS. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. Analysts forecast that Realty Income Corporation will post $1.21 earnings per share for the current year.
The company 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. The ex-dividend date is Friday, July 28th. This represents a yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
A number of research analysts have recently weighed in on O shares. 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 target price on the stock. BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Morgan Stanley boosted their price target 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. Finally, Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Four investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $63.68.
In other news, Director Priya Cherian Huskins sold 8,000 shares of the business’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 of the company’s stock, valued at $1,153,445.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.
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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