Community Bank & Trust Waco Texas cut its position in shares of Realty Income Corp. (NYSE:O) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,062 shares of the company’s stock after selling 100 shares during the period. Community Bank & Trust Waco Texas’ holdings in Realty Income Corp. were worth $906,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of O. Rehmann Capital Advisory Group acquired a new stake in shares of Realty Income Corp. during the second quarter worth $202,000. Stock Yards Bank & Trust Co. acquired a new stake in shares of Realty Income Corp. during the second quarter worth $203,000. Gofen & Glossberg LLC IL acquired a new stake in shares of Realty Income Corp. during the second quarter worth $209,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Realty Income Corp. during the second quarter worth $214,000. Finally, Cue Financial Group Inc. acquired a new stake in shares of Realty Income Corp. during the second quarter worth $220,000. Institutional investors and hedge funds own 70.99% of the company’s stock.
Shares of Realty Income Corp. (NYSE:O) traded down 0.99% during trading on Friday, hitting $66.93. The stock had a trading volume of 1,452,466 shares. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 61.40 and a beta of 0.39. The stock’s 50 day moving average is $66.65 and its 200 day moving average is $65.00. Realty Income Corp. has a 52 week low of $45.65 and a 52 week high of $72.30.
Realty Income Corp. (NYSE:O) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.02. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The firm had revenue of $260.06 million for the quarter, compared to the consensus estimate of $274.34 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.
The company also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.202 per share. This represents a yield of 3.77%. This is a positive change from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 29th. Realty Income Corp.’s payout ratio is currently 222.02%.
A number of research firms have commented on O. Citigroup Inc. increased their target price on Realty Income Corp. from $50.00 to $60.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $66.00 target price (up previously from $58.00) on shares of Realty Income Corp. in a report on Monday, August 1st. Vetr downgraded Realty Income Corp. from a “sell” rating to a “strong sell” rating and set a $58.50 target price on the stock. in a report on Monday, June 27th. Stifel Nicolaus increased their target price on Realty Income Corp. from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Zacks Investment Research raised Realty Income Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $64.31.
In other news, Director Kathleen Allen sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total value of $281,960.00. Following the sale, the director now directly owns 74,000 shares in the company, valued at approximately $5,216,260. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald Merriman sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total value of $166,700.00. Following the completion of the sale, the director now owns 12,075 shares in the company, valued at $805,161. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
About Realty Income Corp.
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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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