Moors & Cabot Inc. increased its position in shares of Realty Income Corp (NYSE:O) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,425 shares of the real estate investment trust’s stock after buying an additional 1,860 shares during the period. Moors & Cabot Inc.’s holdings in Realty Income were worth $1,049,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB boosted its holdings in Realty Income by 2.2% during the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock worth $3,300,000 after buying an additional 1,227 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Realty Income by 23.5% during 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 purchasing an additional 30,444 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Realty Income by 8.0% during the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after purchasing an additional 322,239 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Realty Income by 3.5% during 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 purchasing an additional 76,311 shares in the last quarter. Finally, QS Investors LLC lifted its holdings in Realty Income by 48.0% during 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 purchasing an additional 7,300 shares in the last quarter. 70.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the sale, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the sale, the senior vice president now owns 14,913 shares of the company’s stock, valued at $841,838.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,549 shares of company stock worth $593,646. Insiders own 0.30% of the company’s stock.
Several equities analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Realty Income in a report on Wednesday, November 1st. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a report on Thursday, October 19th. FBR & Co set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Two 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. The company presently has a consensus rating of “Hold” and a consensus target price of $64.09.
Realty Income Corp (NYSE:O) traded up $0.10 during trading hours on Friday, hitting $56.97. 2,045,200 shares of the stock traded hands, compared to its average volume of 1,757,810. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $16,025.14, a P/E ratio of 18.58, a P/E/G ratio of 4.67 and a beta of 0.29. Realty Income Corp has a 12-month low of $52.85 and a 12-month high of $63.60.
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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. analysts expect that Realty Income Corp will post 2.98 earnings per share for the current year.
The firm also recently declared a jan 17 dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be paid a $0.2125 dividend. This is an increase from Realty Income’s previous jan 17 dividend of $0.21. This represents a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, December 29th. Realty Income’s dividend payout ratio (DPR) is currently 208.20%.
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Realty Income 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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