Mosaic Family Wealth LLC Has $400,000 Stake in Realty Income Corporation (O)
Mosaic Family Wealth LLC boosted its position in Realty Income Corporation (NYSE:O) by 119.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,244 shares of the real estate investment trust’s stock after buying an additional 3,950 shares during the period. Mosaic Family Wealth LLC’s holdings in Realty Income Corporation were worth $400,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Realty Income Corporation by 11.7% in the first quarter. Janney Montgomery Scott LLC now owns 99,526 shares of the real estate investment trust’s stock valued at $5,925,000 after buying an additional 10,399 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in Realty Income Corporation by 493.1% in the first quarter. First Citizens Bank & Trust Co. now owns 25,282 shares of the real estate investment trust’s stock valued at $1,506,000 after buying an additional 21,019 shares in the last quarter. Profund Advisors LLC increased its position in Realty Income Corporation by 3.1% in the first quarter. Profund Advisors LLC now owns 14,208 shares of the real estate investment trust’s stock valued at $846,000 after buying an additional 432 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in Realty Income Corporation during the first quarter valued at about $325,000. Finally, Sigma Planning Corp increased its position in Realty Income Corporation by 15.6% in the first quarter. Sigma Planning Corp now owns 41,629 shares of the real estate investment trust’s stock valued at $2,478,000 after buying an additional 5,621 shares in the last quarter. Hedge funds and other institutional investors own 68.67% of the company’s stock.
Shares of Realty Income Corporation (O) traded up 0.79% during midday trading on Monday, hitting $57.30. 101,380 shares of the stock traded hands. The firm has a 50-day moving average price of $56.55 and a 200 day moving average price of $57.85. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 49.02 and a beta of 0.32. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14.
Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. Analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current year.
The business also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.2115 dividend. This represents a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Realty Income Corporation’s dividend payout ratio is presently 217.09%.
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Several research firms have issued reports on O. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Canaccord Genuity began coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective for the company. Morgan Stanley upped their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Finally, FBR & Co began coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Realty Income Corporation has a consensus rating of “Hold” and a consensus price target of $63.68.
In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
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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