Chicago Partners Investment Group LLC reduced its position in shares of Realty Income Corporation (NYSE:O) by 80.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,366 shares of the real estate investment trust’s stock after selling 9,901 shares during the period. Chicago Partners Investment Group LLC’s holdings in Realty Income Corporation were worth $135,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in O. Founders Capital Management purchased a new position in Realty Income Corporation during the first quarter valued at about $107,000. Harbour Capital Advisors LLC purchased a new position in Realty Income Corporation during the first quarter valued at about $119,000. Bessemer Group Inc. raised its position in shares of Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Realty Income Corporation during the first quarter valued at $144,000. Finally, IHT Wealth Management LLC raised its stake in Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares in the last quarter. 68.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Realty Income Corporation (NYSE O) traded down 0.59% during midday trading on Friday, reaching $56.85. 1,444,570 shares of the company’s stock were exchanged. The stock has a market cap of $15.58 billion, a PE ratio of 48.63 and a beta of 0.32. The stock’s 50 day moving average is $56.55 and its 200-day moving average is $57.85. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.40.
Realty Income Corporation (NYSE:O) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. During the same quarter in the previous year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that Realty Income Corporation will post $1.19 EPS for the current year.
The firm also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.2115 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a yield of 4.46%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
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A number of research firms recently weighed in on O. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective for the company. 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 report on Monday, July 17th. FBR & Co started coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 target price for the company. Finally, BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Four equities research 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. Realty Income Corporation currently has a consensus rating of “Hold” and an average target price of $63.68.
In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the sale, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.
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