National Pension Service boosted its position in shares of Realty Income Corp (NYSE:O) by 12.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 230,003 shares of the real estate investment trust’s stock after buying an additional 25,977 shares during the period. National Pension Service owned 0.09% of Realty Income Corp worth $13,554,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in O. Koshinski Asset Management Inc. bought a new stake in Realty Income Corp during the first quarter worth about $202,000. Gulf International Bank UK Ltd raised its stake in Realty Income Corp by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 78,172 shares of the real estate investment trust’s stock worth $4,653,000 after buying an additional 1,200 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in Realty Income Corp by 0.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 60,203 shares of the real estate investment trust’s stock worth $3,584,000 after buying an additional 346 shares in the last quarter. Sheets Smith Wealth Management raised its stake in Realty Income Corp by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 11,443 shares of the real estate investment trust’s stock worth $681,000 after buying an additional 30 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in Realty Income Corp by 1.7% in the first quarter. Raymond James Trust N.A. now owns 13,857 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 234 shares in the last quarter. Institutional investors own 68.62% of the company’s stock.
Shares of Realty Income Corp (NYSE:O) traded up 1.03% during midday trading on Wednesday, hitting $53.76. The stock had a trading volume of 2,394,919 shares. The stock has a 50 day moving average of $58.82 and a 200-day moving average of $58.36. Realty Income Corp has a one year low of $52.72 and a one year high of $72.29. The company has a market cap of $14.68 billion, a P/E ratio of 46.83 and a beta of 0.37.
Realty Income Corp (NYSE:O) last released its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Realty Income Corp had a return on equity of 5.04% and a net margin of 28.37%. The business had revenue of $298.03 million for the quarter, compared to the consensus estimate of $281.11 million. During the same period last year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts forecast that Realty Income Corp will post $1.24 EPS for the current fiscal year.
The company also recently announced a jun 17 dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.211 per share. The ex-dividend date is Tuesday, May 23rd. Realty Income Corp’s dividend payout ratio (DPR) is presently 230.00%.
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In other Realty Income Corp news, SVP Robert Israel sold 2,280 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $58.97, for a total transaction of $134,451.60. Following the completion of the transaction, the senior vice president now owns 11,934 shares in the company, valued at $703,747.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Benjamin N. Fox sold 1,847 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $59.55, for a total transaction of $109,988.85. Following the transaction, the senior vice president now owns 17,432 shares of the company’s stock, valued at approximately $1,038,075.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,241 shares of company stock worth $4,617,465. 0.30% of the stock is owned by company insiders.
About Realty Income Corp
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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