D.A. Davidson & CO. Buys 4,156 Shares of Realty Income Corporation (O)
D.A. Davidson & CO. grew its stake in Realty Income Corporation (NYSE:O) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,416 shares of the real estate investment trust’s stock after acquiring an additional 4,156 shares during the quarter. D.A. Davidson & CO.’s holdings in Realty Income Corporation were worth $3,002,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of O. Vanguard Group Inc. lifted its position in Realty Income Corporation by 4.3% during 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 during the period. BlackRock Inc. lifted its position in Realty Income Corporation by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after buying an additional 1,024,539 shares during the period. State Street Corp lifted its position in Realty Income Corporation by 9.6% during 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 during the period. JPMorgan Chase & Co. lifted its position in Realty Income Corporation by 226.0% during 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 period. Finally, Dimensional Fund Advisors LP lifted its position in Realty Income Corporation by 2.6% during 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 period. Institutional investors and hedge funds own 68.97% of the company’s stock.
O has been the topic of several recent analyst reports. Morgan Stanley increased their target price 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. UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their target price for the stock from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a research report on Friday, July 14th. Three 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 stock. Realty Income Corporation presently has an average rating of “Hold” and a consensus price target of $64.24.
In related news, Director Gregory Mclaughlin sold 3,200 shares of Realty Income Corporation stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the sale, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.
Shares of Realty Income Corporation (O) opened at 58.09 on Friday. The firm’s 50-day moving average price is $57.88 and its 200 day moving average price is $57.43. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $69.14. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 49.69 and a beta of 0.31.
Realty Income Corporation (NYSE:O) last released its quarterly earnings data 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. The firm 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 revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. On average, analysts anticipate that Realty Income Corporation will post $1.19 EPS for the current year.
The company also recently disclosed a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be given a dividend of $0.212 per share. This is a boost from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date is Friday, September 29th. This represents a yield of 4.33%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
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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