Huntington National Bank Boosts Stake in Realty Income Corporation (NYSE:O)

Huntington National Bank boosted its position in Realty Income Corporation (NYSE:O) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,255 shares of the real estate investment trust’s stock after buying an additional 3,413 shares during the period. Huntington National Bank’s holdings in Realty Income Corporation were worth $4,815,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock worth $1,554,926,000 after buying an additional 25,085,115 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Realty Income Corporation by 226.0% in 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. Vanguard Group Inc. boosted its position in shares of Realty Income Corporation by 4.3% in 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. State Street Corp boosted its position in shares of Realty Income Corporation by 9.6% in 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. Finally, APG Asset Management US Inc. boosted its position in shares of Realty Income Corporation by 111.1% in the second quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock worth $116,502,000 after buying an additional 1,111,300 shares during the period. Institutional investors own 68.67% of the company’s stock.

Realty Income Corporation (NYSE O) traded down 0.59% during trading on Friday, hitting $56.85. The stock had a trading volume of 1,444,570 shares. The stock has a 50 day moving average price of $56.55 and a 200-day moving average price of $57.85. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.40. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 48.63 and a beta of 0.32.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate 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 was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS. On average, equities analysts predict that Realty Income Corporation will post $1.19 EPS for the current year.

The firm also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.2115 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a dividend yield of 4.46%. Realty Income Corporation’s payout ratio is 217.09%.

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A number of equities analysts have commented on O shares. Canaccord Genuity started coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price target on shares of Realty Income Corporation in a research note on Friday, July 14th. BidaskClub cut Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, Morgan Stanley lifted their price target 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. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.68.

In other news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the sale, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Realty Income Corporation (NYSE:O)

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