Realty Income Corporation (NYSE:O) SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Realty Income Corporation (NYSE:O) traded up $0.40 during trading on Tuesday, reaching $56.67. The company’s stock had a trading volume of 1,555,800 shares, compared to its average volume of 1,766,264. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $15,900.00, a price-to-earnings ratio of 18.39, a P/E/G ratio of 4.59 and a beta of 0.28. Realty Income Corporation has a one year low of $52.85 and a one year high of $63.60.
Realty Income Corporation (NYSE:O) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. research analysts anticipate that Realty Income Corporation will post 3 earnings per share for the current year.
The business also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio is currently 208.20%.
O has been the subject of a number of research reports. 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. Morgan Stanley boosted their price target on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. 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. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Finally, UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and boosted their price target for the company from $52.00 to $57.00 in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $65.43.
A number of institutional investors have recently bought and sold shares of the business. APG Asset Management US Inc. increased its position in shares of Realty Income Corporation by 111.1% during the second quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock worth $116,502,000 after purchasing an additional 1,111,300 shares in the last quarter. BlackRock Inc. increased its position in shares of Realty Income Corporation by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after purchasing an additional 1,024,539 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Realty Income Corporation by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after purchasing an additional 834,811 shares in the last quarter. Standard Life Investments LTD acquired a new position in shares of Realty Income Corporation during the second quarter worth $29,611,000. Finally, JPMorgan Chase & Co. increased its position in shares of Realty Income Corporation by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock worth $256,540,000 after purchasing an additional 437,803 shares in the last quarter. Institutional investors own 67.20% 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.
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