Wayne Hummer Investments L.L.C. Acquires 3,210 Shares of Realty Income Corporation (O)
Wayne Hummer Investments L.L.C. raised its stake in Realty Income Corporation (NYSE:O) by 44.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,400 shares of the real estate investment trust’s stock after buying an additional 3,210 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Realty Income Corporation were worth $574,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted 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 during the period. First Citizens Bank & Trust Co. boosted 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 during the period. Profund Advisors LLC boosted 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 during the period. Rehmann Capital Advisory Group purchased a new position in Realty Income Corporation during the first quarter valued at $325,000. Finally, Sigma Planning Corp boosted 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 during the period. 68.67% of the stock is owned by institutional investors.
Realty Income Corporation (O) opened at 56.85 on Monday. The stock has a market capitalization of $15.58 billion, a PE ratio of 48.63 and a beta of 0.32. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $69.14. The firm has a 50-day moving average of $56.55 and a 200-day moving average of $57.85.
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 for the quarter, meeting the consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts expect that Realty Income Corporation will post $1.19 EPS for the current fiscal year.
The company also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.2115 per share. This represents a yield of 4.46%. The ex-dividend date is Wednesday, August 30th. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
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Several research analysts recently weighed in on the stock. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a report 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 assumed coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price on the stock. Morgan Stanley boosted their target price 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 assumed 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 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Realty Income Corporation presently has a consensus rating of “Hold” and an average target price of $63.68.
In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation 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 transaction, the director now 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 Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.
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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