LMR Partners LLP reduced its position in Realty Income Corp. (NYSE:O) by 56.8% during the second quarter, Holdings Channel reports. The fund owned 14,312 shares of the company’s stock after selling 18,785 shares during the period. LMR Partners LLP’s holdings in Realty Income Corp. were worth $992,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new position in Realty Income Corp. during the second quarter worth $202,000. Stock Yards Bank & Trust Co. bought a new position in Realty Income Corp. during the second quarter worth $203,000. Gofen & Glossberg LLC IL bought a new position in Realty Income Corp. during the second quarter worth $209,000. LVM Capital Management Ltd. MI bought a new position in Realty Income Corp. during the second quarter worth $214,000. Finally, Cue Financial Group Inc. bought a new position in Realty Income Corp. during the second quarter worth $220,000. 70.99% of the stock is owned by institutional investors and hedge funds.
Realty Income Corp. (NYSE:O) traded down 0.21% during mid-day trading on Friday, reaching $61.46. 1,446,180 shares of the company’s stock traded hands. The company has a market cap of $15.89 billion, a P/E ratio of 56.39 and a beta of 0.33. The stock has a 50 day moving average of $65.90 and a 200 day moving average of $65.12. Realty Income Corp. has a 12-month low of $45.98 and a 12-month high of $72.30.
Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by $0.02. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The company earned $260.06 million during 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 business’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.
The business also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a $0.202 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Realty Income Corp.’s previous oct 16 dividend of $0.20. This represents a dividend yield of 3.77%. Realty Income Corp.’s payout ratio is currently 222.02%.
A number of research firms have recently weighed in on O. Vetr downgraded shares of Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 target price for the company. in a research report on Tuesday, October 4th. Wunderlich upped their price target on shares of Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. upped their price target on shares of Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Zacks Investment Research cut shares of Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, BTIG Research started coverage on shares of Realty Income Corp. in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Realty Income Corp. has an average rating of “Hold” and an average price target of $63.32.
In other news, Director Ronald Merriman sold 2,500 shares of Realty Income Corp. 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 directly owns 12,075 shares in the company, valued at $805,161. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen Allen sold 4,000 shares of Realty Income Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the completion of the sale, the director now owns 74,000 shares of the company’s stock, valued at $5,216,260. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
Realty Income Corp. 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. 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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