GSA Capital Partners LLP purchased a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,782 shares of the real estate investment trust’s stock, valued at approximately $429,000.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 purchasing an additional 1,876,658 shares during the last quarter. BlackRock Inc. raised its stake in Realty Income Corporation by 3.9% in the 2nd quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock valued at $1,497,836,000 after purchasing an additional 1,024,539 shares during the last quarter. State Street Corp raised its stake 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 purchasing an additional 1,545,797 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Realty Income Corporation by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,516,493 shares of the real estate investment trust’s stock valued at $209,333,000 after purchasing an additional 90,203 shares during the last quarter. Finally, PGGM Investments raised its stake in Realty Income Corporation by 2.2% in the 2nd quarter. PGGM Investments now owns 3,049,303 shares of the real estate investment trust’s stock valued at $168,261,000 after purchasing an additional 65,376 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.
In other news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction dated 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 owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
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Realty Income Corporation (NYSE:O) opened at 56.75 on Friday. The firm has a market cap of $15.55 billion, a P/E ratio of 48.55 and a beta of 0.32. The stock’s 50 day moving average is $57.87 and its 200-day moving average is $57.25. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $63.60.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. Analysts forecast that Realty Income Corporation will post $1.19 EPS for the current year.
The business also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s dividend payout ratio is 217.09%.
Several brokerages recently weighed in on O. FBR & Co began coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 target price for the company. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Morgan Stanley boosted their target price on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Realty Income Corporation in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Realty Income Corporation currently has a consensus rating of “Hold” and a consensus price target of $64.71.
Realty Income Corporation Profile
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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