Pinnacle Advisory Group Inc. continued to hold its position in Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,033 shares of the real estate investment trust’s stock at the end of the second quarter. Pinnacle Advisory Group Inc.’s holdings in Realty Income Corporation were worth $835,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Realty Income Corporation during the fourth quarter valued at $774,000. UBS Asset Management Americas Inc. increased its stake in Realty Income Corporation by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 977,508 shares of the real estate investment trust’s stock valued at $56,187,000 after buying an additional 32,331 shares during the last quarter. Teachers Advisors LLC increased its stake in Realty Income Corporation by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 321,961 shares of the real estate investment trust’s stock valued at $18,506,000 after buying an additional 16,990 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in Realty Income Corporation during the fourth quarter valued at approximately $1,079,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Realty Income Corporation during the fourth quarter valued at about $481,000. Institutional investors and hedge funds own 69.03% of the company’s stock.
Realty Income Corporation (NYSE:O) opened at 57.45 on Friday. The stock has a market cap of $15.75 billion, a P/E ratio of 49.14 and a beta of 0.32. The firm’s 50-day moving average price is $56.17 and its 200-day moving average price is $58.05. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $70.16.
Realty Income Corporation (NYSE:O) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. During the same quarter last year, the company posted $0.70 earnings per share. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. On average, analysts predict that Realty Income Corporation will post $1.21 earnings per share for the current year.
The business also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a dividend of $0.2115 per share. The ex-dividend date is Friday, July 28th. This represents a dividend yield of 4.63%. Realty Income Corporation’s dividend payout ratio is presently 217.09%.
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O has been the topic of several research reports. Canaccord Genuity assumed coverage on Realty Income Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price target on shares of Realty Income Corporation in a report on Friday, July 14th. BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Finally, FBR & Co initiated coverage on Realty Income Corporation in a report on Monday, July 17th. They set a “market perform” rating and a $56.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $63.68.
In related news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the transaction, the director now owns 20,513 shares in the company, valued at $1,153,445.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.
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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