Sumitomo Mitsui Trust Holdings Inc. Has $55 Million Position in Realty Income Corporation (O)
Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Realty Income Corporation (NYSE:O) by 1.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 996,646 shares of the real estate investment trust’s stock after buying an additional 17,234 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.36% of Realty Income Corporation worth $54,995,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. FCG Advisors LLC raised its stake in Realty Income Corporation by 0.5% in the first quarter. FCG Advisors LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 17 shares during the period. Checchi Capital Advisers LLC raised its stake in Realty Income Corporation by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 3,755 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 26 shares during the period. Bennicas & Associates Inc. raised its stake in Realty Income Corporation by 0.6% in the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 33 shares during the period. RiverPoint Capital Management LLC raised its stake in Realty Income Corporation by 0.9% in the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 34 shares during the period. Finally, Financial Advisors Network Inc. raised its stake in Realty Income Corporation by 0.4% in the first quarter. Financial Advisors Network Inc. now owns 14,582 shares of the real estate investment trust’s stock valued at $797,000 after buying an additional 56 shares during the period. 68.67% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Corporation (NYSE:O) opened at 58.04 on Friday. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.14. The company has a market cap of $15.91 billion, a P/E ratio of 49.65 and a beta of 0.32. The firm’s 50 day moving average is $56.88 and its 200 day moving average is $57.79.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Realty Income Corporation will post $1.19 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a yield of 4.46%. Realty Income Corporation’s dividend payout ratio (DPR) is currently 217.09%.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/26/sumitomo-mitsui-trust-holdings-inc-has-55-million-position-in-realty-income-corporation-o.html.
A number of brokerages have issued reports on O. Canaccord Genuity began coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target for the company. 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 lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, Morgan Stanley increased their price target on Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently 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 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 in the company, valued at approximately $1,153,445.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.
Receive News & Stock Ratings for Realty Income Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corporation and related stocks with our FREE daily email newsletter.