Swiss National Bank increased its holdings in shares of Realty Income Corporation (NYSE:O) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,518,900 shares of the real estate investment trust’s stock after purchasing an additional 59,200 shares during the quarter. Swiss National Bank owned 539,018.42% of Realty Income Corporation worth $86,866,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Xact Kapitalforvaltning AB increased its position in Realty Income Corporation by 2.2% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock worth $3,300,000 after purchasing an additional 1,227 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Realty Income Corporation by 23.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock valued at $8,837,000 after acquiring an additional 30,444 shares in the last quarter. Lockheed Martin Investment Management Co. grew its position in Realty Income Corporation by 167.5% in the second quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock valued at $2,908,000 after acquiring an additional 33,000 shares in the last quarter. Ameriprise Financial Inc. grew its position in Realty Income Corporation by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock valued at $124,609,000 after acquiring an additional 76,311 shares in the last quarter. Finally, QS Investors LLC grew its position in Realty Income Corporation by 48.0% in the second quarter. QS Investors LLC now owns 22,521 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 7,300 shares in the last quarter. 67.17% of the stock is owned by hedge funds and other institutional investors.
Realty Income Corporation (NYSE O) opened at $56.27 on Friday. The company has a market capitalization of $15,856.04, a P/E ratio of 18.39, a PEG ratio of 4.59 and a beta of 0.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Realty Income Corporation has a one year low of $52.85 and a one year high of $63.60.
Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. sell-side analysts anticipate that Realty Income Corporation will post 3 earnings per share for the current year.
The firm also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. Realty Income Corporation’s dividend payout ratio (DPR) is currently 208.20%.
O has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their price objective for the company from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Morgan Stanley increased their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Realty Income Corporation has an average rating of “Hold” and a consensus price target of $65.43.
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In related news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. 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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