APG Asset Management US Inc. Purchases 1,111,300 Shares of Realty Income Corporation (O)

APG Asset Management US Inc. raised its stake in Realty Income Corporation (NYSE:O) by 111.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,111,300 shares of the real estate investment trust’s stock after buying an additional 1,111,300 shares during the period. Realty Income Corporation comprises 1.0% of APG Asset Management US Inc.’s portfolio, making the stock its 20th largest position. APG Asset Management US Inc. owned about 0.77% of Realty Income Corporation worth $116,502,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Forsta AP Fonden boosted its stake in Realty Income Corporation by 160.9% in the second quarter. Forsta AP Fonden now owns 80,100 shares of the real estate investment trust’s stock valued at $4,420,000 after buying an additional 49,400 shares during the period. US Bancorp DE boosted its stake in Realty Income Corporation by 18.0% in the second quarter. US Bancorp DE now owns 58,869 shares of the real estate investment trust’s stock valued at $3,248,000 after buying an additional 8,997 shares during the period. Gradient Investments LLC boosted its stake in Realty Income Corporation by 8.7% in the second quarter. Gradient Investments LLC now owns 109,456 shares of the real estate investment trust’s stock valued at $6,040,000 after buying an additional 8,731 shares during the period. Sheets Smith Wealth Management boosted its stake in Realty Income Corporation by 1.0% in the second quarter. Sheets Smith Wealth Management now owns 11,562 shares of the real estate investment trust’s stock valued at $638,000 after buying an additional 119 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in Realty Income Corporation by 0.8% in the second quarter. State Treasurer State of Michigan now owns 89,724 shares of the real estate investment trust’s stock valued at $4,951,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 68.67% of the company’s stock.

Realty Income Corporation (NYSE O) traded down 0.59% on Friday, reaching $56.85. 1,444,570 shares of the company’s stock were exchanged. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 48.63 and a beta of 0.32. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $69.40. The stock’s 50 day moving average price is $56.55 and its 200 day moving average price is $57.85.

Realty Income Corporation (NYSE:O) last posted its quarterly earnings results 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 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 the consensus estimate of $289.86 million. During the same period last year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts expect that Realty Income Corporation will post $1.19 earnings per share for the current year.

The firm also recently declared 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 is Wednesday, August 30th. This represents a dividend yield of 4.46%. Realty Income Corporation’s payout ratio is currently 217.09%.

WARNING: This report was first posted by BNB Daily and is the property of of BNB Daily. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/realty-income-corporation-o-shares-bought-by-apg-asset-management-us-inc-updated-updated-updated.html.

Several research firms have recently issued reports on O. FBR & Co began 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 price objective for the company. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Morgan Stanley lifted 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. Finally, Zacks Investment Research cut shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Realty Income Corporation has a consensus 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 dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the transaction, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The transaction was disclosed in a legal filing with the SEC, 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.

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply