Realty Income Corp (NYSE:O) CFO Paul M. Meurer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $75.33, for a total value of $753,300.00. Following the transaction, the chief financial officer now directly owns 30,468 shares in the company, valued at approximately $2,295,154.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Realty Income stock traded down $0.08 during trading hours on Wednesday, hitting $73.62. The company had a trading volume of 2,166,885 shares, compared to its average volume of 1,870,083. The firm has a 50-day moving average of $72.28 and a 200 day moving average of $70.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $23.45 billion, a PE ratio of 23.08, a PEG ratio of 5.91 and a beta of 0.08. Realty Income Corp has a one year low of $55.55 and a one year high of $76.73.
Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. The company had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $344.42 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts expect that Realty Income Corp will post 3.29 earnings per share for the current year.
A number of analysts have recently issued reports on the company. Deutsche Bank started coverage on Realty Income in a research report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 price objective for the company. ValuEngine lowered Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Standpoint Research boosted their target price on Realty Income to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Morgan Stanley increased their price target on Realty Income from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Co set a $82.00 price target on Realty Income and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $72.30.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Securities Inc. bought a new position in shares of Realty Income during the fourth quarter worth approximately $219,000. Geode Capital Management LLC boosted its stake in shares of Realty Income by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 4,164,413 shares of the real estate investment trust’s stock valued at $262,101,000 after buying an additional 558,730 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Realty Income by 208.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 131,304 shares of the real estate investment trust’s stock worth $9,660,000 after buying an additional 88,698 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Realty Income by 245.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 268 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Realty Income by 3.0% during the 1st quarter. Victory Capital Management Inc. now owns 6,001 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 174 shares during the period. Institutional investors and hedge funds own 70.76% of the company’s stock.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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