Alpha Cubed Investments LLC Has $1.02 Million Position in Realty Income Corporation (NYSE:O)

Alpha Cubed Investments LLC increased its stake in shares of Realty Income Corporation (NYSE:O) by 18.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,440 shares of the real estate investment trust’s stock after buying an additional 2,900 shares during the period. Alpha Cubed Investments LLC’s holdings in Realty Income Corporation were worth $1,018,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Koshinski Asset Management Inc. bought a new stake in shares of Realty Income Corporation during the first quarter valued at approximately $202,000. Gulf International Bank UK Ltd increased its stake in shares of Realty Income Corporation 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 valued at $4,653,000 after buying an additional 1,200 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of Realty Income Corporation 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 valued at $3,584,000 after buying an additional 346 shares during the last quarter. Sheets Smith Wealth Management increased its stake in shares of Realty Income Corporation by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 11,443 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 30 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in Realty Income Corporation 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 valued at $824,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 68.67% of the company’s stock.

Shares of Realty Income Corporation (O) traded down 0.59% during mid-day trading on Friday, hitting $56.85. The stock had a trading volume of 1,444,570 shares. The firm’s 50-day moving average price is $56.55 and its 200 day moving average price is $57.85. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 48.63 and a beta of 0.32. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.40.

Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Equities analysts forecast that Realty Income Corporation will post $1.19 EPS for the current fiscal year.

The business also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.2115 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a dividend yield of 4.46%. Realty Income Corporation’s payout ratio is currently 217.09%.

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Several equities research analysts have issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Realty Income Corporation in a report on Friday, July 14th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Canaccord Genuity initiated coverage on Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target for the company. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, FBR & Co initiated coverage on Realty Income Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.68.

In other news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the completion of the sale, the director now owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

About Realty Income Corporation

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.

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

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