Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Realty Income Corporation (NYSE:O) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,043,787 shares of the real estate investment trust’s stock after acquiring an additional 47,141 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.37% of Realty Income worth $59,694,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in Realty Income by 314.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,462 shares during the period. Bessemer Group Inc. lifted its stake in shares of Realty Income by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares during the period. Grove Bank & Trust lifted its stake in shares of Realty Income by 23.4% in the second quarter. Grove Bank & Trust now owns 2,766 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 525 shares during the period. Parallel Advisors LLC lifted its stake in shares of Realty Income by 2.9% in the second quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 87 shares during the period. Finally, MEMBERS Trust Co bought a new stake in shares of Realty Income in the third quarter valued at about $200,000. Institutional investors own 70.04% of the company’s stock.
In other news, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $56.45, for a total transaction of $98,561.70. Following the sale, the senior vice president now directly owns 14,913 shares in the company, valued at $841,838.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,549 shares of company stock valued at $593,646. Company insiders own 0.30% of the company’s stock.
Realty Income Corporation (NYSE O) traded down $0.21 during trading hours on Monday, reaching $55.34. 2,506,698 shares of the company traded hands, compared to its average volume of 1,753,299. Realty Income Corporation has a 52-week low of $52.85 and a 52-week high of $63.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $15,590.00, a price-to-earnings ratio of 18.15, a PEG ratio of 4.56 and a beta of 0.29.
Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. equities research analysts expect that Realty Income Corporation will post 2.98 earnings per share for the current fiscal year.
The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date is Thursday, November 30th. Realty Income’s payout ratio is 208.20%.
Several research firms recently weighed in on O. UBS upgraded shares of Realty Income from a “sell” rating to a “neutral” rating and increased their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research note on Thursday, October 19th. B. Riley reiterated a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $64.09.
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About Realty Income
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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