Bbva Compass Bancshares Inc. Reduces Stake in Realty Income Corporation (O)

Bbva Compass Bancshares Inc. lowered its stake in Realty Income Corporation (NYSE:O) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,212 shares of the real estate investment trust’s stock after selling 2,150 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Realty Income Corporation were worth $1,385,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Realty Income Corporation by 11.7% in the third quarter. Canada Pension Plan Investment Board now owns 253,932 shares of the real estate investment trust’s stock worth $14,522,000 after acquiring an additional 26,600 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Realty Income Corporation in the third quarter worth about $263,000. Zevin Asset Management LLC bought a new position in Realty Income Corporation in the 3rd quarter valued at approximately $573,000. Hutner Capital Management Inc. raised its holdings in Realty Income Corporation by 104.3% in the 3rd quarter. Hutner Capital Management Inc. now owns 12,055 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 6,155 shares during the last quarter. Finally, Boys Arnold & Co. Inc. raised its holdings in Realty Income Corporation by 53.5% in the 3rd quarter. Boys Arnold & Co. Inc. now owns 11,608 shares of the real estate investment trust’s stock valued at $664,000 after buying an additional 4,045 shares during the last quarter. 69.04% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at approximately $940,776.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Realty Income Corporation (O) traded up $1.25 during trading hours on Friday, reaching $55.18. 1,553,900 shares of the company’s stock were exchanged, compared to its average volume of 1,691,706. 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 firm has a market cap of $15.48 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 4.48 and a beta of 0.28.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The business had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. During the same period last year, the business posted $0.72 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. analysts forecast that Realty Income Corporation will post 3 earnings per share for the current fiscal year.

The firm also recently announced a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.212 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio (DPR) is 208.20%.

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O has been the subject of a number of research reports. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. UBS Group AG (USA) upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the company from $52.00 to $57.00 in a report on Friday, September 8th. Morgan Stanley raised their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a report on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Realty Income Corporation presently has a consensus rating of “Hold” and a consensus target price of $65.43.

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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