BB&T Investment Services Inc. Purchases New Holdings in Realty Income Corporation (O)
BB&T Investment Services Inc. purchased a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,597 shares of the real estate investment trust’s stock, valued at approximately $194,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Realty Income Corporation by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after purchasing an additional 834,811 shares during the last quarter. BlackRock Inc. lifted its holdings in Realty Income Corporation by 3.9% during the 2nd quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after purchasing an additional 1,024,539 shares during the last quarter. State Street Corp lifted its holdings in Realty Income Corporation by 9.6% during the 1st quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after purchasing an additional 1,545,797 shares during the last quarter. Northern Trust Corp lifted its holdings in Realty Income Corporation by 3.6% during the 2nd quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after purchasing an additional 164,326 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Realty Income Corporation by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,692,785 shares of the real estate investment trust’s stock worth $203,772,000 after purchasing an additional 176,292 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.
Shares of Realty Income Corporation (NYSE O) traded up 0.69% during trading on Friday, reaching $57.14. The company’s stock had a trading volume of 365,570 shares. The stock has a 50-day moving average of $57.87 and a 200-day moving average of $57.25. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $63.60. The stock has a market cap of $15.66 billion, a P/E ratio of 48.88 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Analysts predict that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.212 dividend. The ex-dividend date is Tuesday, October 31st. This represents a dividend yield of 4.49%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
Several equities analysts have weighed in on the company. FBR & Co assumed coverage on Realty Income Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective for the company. BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Morgan Stanley lifted their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.71.
In related news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction 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 sale, the director now owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.
Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O).
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.