SignalPoint Asset Management LLC bought a new stake in Realty Income Corporation (NYSE:O) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,827 shares of the real estate investment trust’s stock, valued at approximately $390,000.
Other institutional investors have also recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its position in shares of Realty Income Corporation by 2.2% in the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock valued at $3,300,000 after purchasing an additional 1,227 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Realty Income Corporation 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 worth $8,837,000 after buying an additional 30,444 shares in the last quarter. Lockheed Martin Investment Management Co. grew its position in Realty Income Corporation by 167.5% during the second quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock worth $2,908,000 after buying an additional 33,000 shares in the last quarter. Ameriprise Financial Inc. grew its position in Realty Income Corporation by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock worth $124,609,000 after buying an additional 76,311 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Realty Income Corporation by 92.8% during the second quarter. Principal Financial Group Inc. now owns 790,148 shares of the real estate investment trust’s stock worth $43,600,000 after buying an additional 380,379 shares in the last quarter. 69.04% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on O shares. Morgan Stanley increased their price target on Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. UBS AG raised Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their price target for the stock from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. Finally, BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Two equities research 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 stock presently has a consensus rating of “Hold” and a consensus price target of $65.43.
Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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 Corporation had a net margin of 29.37% and a return on equity of 5.11%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS.
The company also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.212 per share. The ex-dividend date is Tuesday, October 31st. This represents a dividend yield of 4.49%. Realty Income Corporation’s dividend payout ratio (DPR) is currently 208.20%.
In other news, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 15,986 shares in the company, valued at approximately $940,776.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.
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.
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