Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Realty Income Corporation (NYSE:O) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,287 shares of the real estate investment trust’s stock after buying an additional 177 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Realty Income Corporation were worth $1,119,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in O. BlackRock Inc. raised its holdings in Realty Income Corporation by 2,423.9% during the 1st quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock valued at $1,554,926,000 after buying an additional 25,085,115 shares during the period. JPMorgan Chase & Co. grew its position in Realty Income Corporation by 226.0% in the 1st quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock valued at $315,509,000 after acquiring an additional 3,674,028 shares during the last quarter. Vanguard Group Inc. grew its position in Realty Income Corporation by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock valued at $2,737,174,000 after acquiring an additional 1,876,658 shares during the last quarter. State Street Corp grew its position in Realty Income Corporation by 9.6% in the 1st quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock valued at $1,053,156,000 after acquiring an additional 1,545,797 shares during the last quarter. Finally, APG Asset Management US Inc. grew its position in Realty Income Corporation by 111.1% in the 2nd quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock valued at $116,502,000 after acquiring an additional 1,111,300 shares during the last quarter. Institutional investors own 69.18% of the company’s stock.
In related news, Director Priya Cherian Huskins sold 8,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the sale, the director now owns 20,513 shares in the company, valued at approximately $1,153,445.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.
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O has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the company 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 upped their price objective for the company from $52.00 to $57.00 in a research report on Friday. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research report on Friday, July 14th. Three 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’s stock. The company has a consensus rating of “Hold” and an average price target of $64.24.
Realty Income Corporation (NYSE:O) opened at 59.33 on Monday. The company has a market cap of $16.26 billion, a P/E ratio of 50.75 and a beta of 0.31. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.14. The stock’s 50 day moving average price is $57.52 and its 200-day moving average price is $57.61.
Realty Income Corporation (NYSE:O) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts predict that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.
The firm also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.2115 dividend. The ex-dividend date is Wednesday, August 30th. This represents a yield of 4.46%. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
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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