Realty Income Corporation (O) Stake Increased by State of Tennessee Treasury Department
State of Tennessee Treasury Department grew its stake in shares of Realty Income Corporation (NYSE:O) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,684 shares of the real estate investment trust’s stock after purchasing an additional 568 shares during the quarter. State of Tennessee Treasury Department’s holdings in Realty Income Corporation were worth $4,121,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Nationwide Fund Advisors lifted its stake in Realty Income Corporation by 6.4% in the first quarter. Nationwide Fund Advisors now owns 75,688 shares of the real estate investment trust’s stock worth $4,506,000 after acquiring an additional 4,544 shares during the period. Eqis Capital Management Inc. purchased a new stake in Realty Income Corporation in the first quarter worth about $211,000. DekaBank Deutsche Girozentrale lifted its stake in Realty Income Corporation by 95.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,423 shares of the real estate investment trust’s stock worth $1,315,000 after acquiring an additional 10,437 shares during the period. Swiss National Bank lifted its stake in Realty Income Corporation by 18.2% in the first quarter. Swiss National Bank now owns 1,422,700 shares of the real estate investment trust’s stock worth $84,693,000 after acquiring an additional 218,900 shares during the period. Finally, World Asset Management Inc lifted its stake in Realty Income Corporation by 14.0% in the first quarter. World Asset Management Inc now owns 30,581 shares of the real estate investment trust’s stock worth $1,820,000 after acquiring an additional 3,756 shares during the period. 69.18% of the stock is owned by hedge funds and other institutional investors.
Realty Income Corporation (NYSE O) opened at 58.92 on Wednesday. The firm has a 50-day moving average of $57.58 and a 200-day moving average of $57.53. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14. The company has a market capitalization of $16.15 billion, a P/E ratio of 50.40 and a beta of 0.31.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current year.
The business also recently disclosed a oct 17 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a $0.212 dividend. The ex-dividend date is Friday, September 29th. Realty Income Corporation’s payout ratio is presently 217.09%.
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O has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Realty Income Corporation currently has an average rating of “Hold” and a consensus price target of $64.24.
In other news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction dated Monday, June 19th. The stock was 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 owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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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