Tradewinds Capital Management LLC increased its position in Realty Income Corporation (NYSE:O) by 374.7% during the second quarter, Holdings Channel reports. The fund owned 4,353 shares of the real estate investment trust’s stock after buying an additional 3,436 shares during the period. Tradewinds Capital Management LLC’s holdings in Realty Income Corporation were worth $240,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of O. Founders Capital Management acquired a new stake in Realty Income Corporation during the first quarter worth about $107,000. Harbour Capital Advisors LLC acquired a new stake in Realty Income Corporation during the first quarter worth about $119,000. Bessemer Group Inc. raised its stake in 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 worth $121,000 after buying an additional 652 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Realty Income Corporation during the first quarter worth about $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 during the period. 68.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Realty Income Corporation (O) opened at 57.48 on Thursday. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 49.17 and a beta of 0.32. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $69.40. The company’s 50-day moving average is $56.30 and its 200 day moving average is $57.97.
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, meeting the consensus estimate of $0.76. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Analysts anticipate that Realty Income Corporation will post $1.20 EPS for the current fiscal year.
The business also recently declared a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.2115 dividend. The ex-dividend date is Friday, July 28th. This represents a yield of 4.63%. Realty Income Corporation’s dividend payout ratio is presently 217.09%.
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A number of equities research analysts have issued reports on O shares. Canaccord Genuity started coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $61.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. BidaskClub lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Morgan Stanley raised their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Realty Income Corporation presently has an average rating of “Hold” and an average price target of $63.68.
In related news, Director Priya Cherian Huskins sold 8,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the sale, the director now directly owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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