Bennicas & Associates Inc. Has $283,000 Stake in Realty Income Corporation (NYSE:O)

Bennicas & Associates Inc. increased its position in shares of Realty Income Corporation (NYSE:O) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,133 shares of the real estate investment trust’s stock after buying an additional 33 shares during the period. Bennicas & Associates Inc.’s holdings in Realty Income Corporation were worth $283,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. FCG Advisors LLC boosted its stake in Realty Income Corporation by 0.5% in the first quarter. FCG Advisors LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 17 shares during the period. Checchi Capital Advisers LLC boosted its stake in Realty Income Corporation by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 3,755 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 26 shares during the period. Sheets Smith Wealth Management boosted its stake in Realty Income Corporation by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 11,443 shares of the real estate investment trust’s stock valued at $681,000 after buying an additional 30 shares during the period. RiverPoint Capital Management LLC boosted its stake in Realty Income Corporation by 0.9% in the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 34 shares during the period. Finally, Financial Advisors Network Inc. boosted its stake in Realty Income Corporation by 0.4% in the first quarter. Financial Advisors Network Inc. now owns 14,582 shares of the real estate investment trust’s stock valued at $797,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Realty Income Corporation (O) traded down 0.93% on Friday, reaching $57.20. The company’s stock had a trading volume of 1,418,678 shares. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $72.29. The stock has a 50 day moving average price of $56.07 and a 200-day moving average price of $58.08. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 48.81 and a beta of 0.31.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. During the same quarter last year, the firm posted $0.70 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts predict that Realty Income Corporation will post $1.22 earnings per share for the current fiscal year.

The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a $0.2115 dividend. This represents a dividend yield of 4.63%. The ex-dividend date is Friday, July 28th. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.

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Several equities research analysts have recently issued reports on O shares. Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Morgan Stanley lifted their target price 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 began coverage on Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $63.92.

In other news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the transaction, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% 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.