First Allied Advisory Services Inc. Has $3.87 Million Holdings in Realty Income Corporation (O)
First Allied Advisory Services Inc. trimmed its stake in Realty Income Corporation (NYSE:O) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,261 shares of the real estate investment trust’s stock after selling 1,965 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Realty Income Corporation were worth $3,874,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Realty Income Corporation by 314.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,462 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Realty Income Corporation during the 1st quarter worth approximately $119,000. Bessemer Group Inc. boosted its stake in shares of Realty Income Corporation by 42.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the period. Founders Capital Management boosted its stake in shares of Realty Income Corporation by 34.9% during the 2nd quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 630 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in shares of Realty Income Corporation by 6.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 68.98% of the company’s stock.
Realty Income Corporation (NYSE:O) traded down 0.73% during mid-day trading on Friday, reaching $57.19. The company had a trading volume of 2,754,406 shares. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14. The stock has a market capitalization of $15.67 billion, a PE ratio of 48.92 and a beta of 0.31. The company’s 50-day moving average is $57.88 and its 200-day moving average is $57.43.
Realty Income Corporation (NYSE:O) last released its earnings results 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 company had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. Realty Income Corporation’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Equities research analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current year.
The firm also recently announced a oct 17 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be issued a $0.212 dividend. The ex-dividend date of this dividend is Friday, September 29th. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. This represents a dividend yield of 4.33%. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
Several research analysts have recently commented on O shares. UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Morgan Stanley lifted their target price 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. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, FBR & Co started coverage on Realty Income Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $56.00 target price for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.24.
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In other news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the transaction, the director now directly owns 15,986 shares of the company’s stock, valued at $940,776.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
Realty Income Corporation 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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