Oppenheimer Asset Management Inc. Sells 1,052 Shares of Realty Income Corp (O)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Realty Income Corp (NYSE:O) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,536 shares of the real estate investment trust’s stock after selling 1,052 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Realty Income were worth $884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DnB Asset Management AS grew its holdings in Realty Income by 4.8% during the second quarter. DnB Asset Management AS now owns 32,700 shares of the real estate investment trust’s stock valued at $1,759,000 after purchasing an additional 1,500 shares during the period. Clinton Group Inc. acquired a new position in Realty Income during the second quarter valued at approximately $287,000. IFM Investors Pty Ltd grew its holdings in Realty Income by 46.9% during the second quarter. IFM Investors Pty Ltd now owns 12,541 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 4,001 shares during the period. Private Asset Management Inc. grew its holdings in Realty Income by 5.8% during the second quarter. Private Asset Management Inc. now owns 33,245 shares of the real estate investment trust’s stock valued at $1,720,000 after purchasing an additional 1,825 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in Realty Income by 11.6% during the second quarter. Raymond James Trust N.A. now owns 14,628 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 1,525 shares during the period. 68.44% of the stock is owned by institutional investors and hedge funds.

Realty Income stock opened at $61.47 on Tuesday. Realty Income Corp has a twelve month low of $47.25 and a twelve month high of $61.99. The company has a market capitalization of $17.48 billion, a PE ratio of 19.07, a P/E/G ratio of 4.50 and a beta of -0.01. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The business had revenue of $338.08 million during the quarter, compared to analysts’ expectations of $319.60 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that Realty Income Corp will post 3.17 EPS for the current fiscal year.

The firm also recently announced a nov 18 dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a dividend of $0.2205 per share. This represents a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 31st. Realty Income’s payout ratio is 86.60%.

In related news, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $58.56, for a total transaction of $527,040.00. Following the completion of the transaction, the director now owns 18,757 shares in the company, valued at $1,098,409.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory Mclaughlin sold 3,100 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $58.00, for a total transaction of $179,800.00. Following the transaction, the director now owns 16,886 shares of the company’s stock, valued at approximately $979,388. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Several research analysts have recently weighed in on O shares. Mizuho set a $58.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Monday, August 13th. ValuEngine upgraded shares of Realty Income from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Bank of America upped their price target on shares of Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a report on Monday, August 13th. Zacks Investment Research cut shares of Realty Income from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, Janney Montgomery Scott cut shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Wednesday, August 29th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.51.

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Realty Income Profile

Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Read More: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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