Realty Income Corp (O) Stake Boosted by Nationwide Fund Advisors
Nationwide Fund Advisors lifted its stake in Realty Income Corp (NYSE:O) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,978 shares of the real estate investment trust’s stock after acquiring an additional 1,290 shares during the quarter. Nationwide Fund Advisors’ holdings in Realty Income were worth $4,402,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of O. BlackRock Inc. increased its stake in Realty Income 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 buying an additional 1,024,539 shares during the period. Vanguard Group Inc. increased its stake in Realty Income 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 buying an additional 834,811 shares during the period. Standard Life Investments LTD purchased a new stake in Realty Income during the 2nd quarter worth approximately $29,611,000. Principal Financial Group Inc. increased its stake in Realty Income by 92.8% during the 2nd quarter. Principal Financial Group Inc. now owns 790,148 shares of the real estate investment trust’s stock worth $43,600,000 after buying an additional 380,379 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Realty Income by 112.5% during the 2nd quarter. Macquarie Group Ltd. now owns 449,136 shares of the real estate investment trust’s stock worth $24,783,000 after buying an additional 237,774 shares during the period. Hedge funds and other institutional investors own 70.04% of the company’s stock.
In other news, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the firm’s 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 approximately $940,776.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,549 shares of company stock valued at $593,646. 0.30% of the stock is owned by company insiders.
Realty Income Corp (NYSE O) opened at $57.40 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $16,053.31, a price-to-earnings ratio of 18.62, a P/E/G ratio of 4.70 and a beta of 0.29. Realty Income Corp has a 52-week low of $52.85 and a 52-week high of $63.60.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. research analysts predict that Realty Income Corp will post 2.97 earnings per share for the current fiscal year.
The firm also recently declared a jan 17 dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.2125 per share. The ex-dividend date is Friday, December 29th. This represents a yield of 4.48%. This is a boost from Realty Income’s previous jan 17 dividend of $0.21. Realty Income’s dividend payout ratio is currently 208.20%.
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Realty Income 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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