Intl Fcstone Inc. increased its stake in shares of Realty Income Corporation (NYSE:O) by 132.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,125 shares of the real estate investment trust’s stock after acquiring an additional 14,900 shares during the quarter. Intl Fcstone Inc.’s holdings in Realty Income Corporation were worth $1,442,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Realty Income Corporation by 314.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,462 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Realty Income Corporation during the first quarter worth $119,000. Bessemer Group Inc. boosted its position in shares of Realty Income Corporation by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the last quarter. Founders Capital Management boosted its position in shares of Realty Income Corporation by 34.9% during the second quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 630 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of Realty Income Corporation by 6.1% during the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 68.95% of the company’s stock.
O has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and upped their target price for the stock from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, five 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 a consensus price target of $63.80.
In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of Realty Income Corporation stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.
Realty Income Corporation (O) traded down 0.87% during trading on Friday, reaching $55.72. 343,668 shares of the company’s stock traded hands. Realty Income Corporation has a one year low of $52.72 and a one year high of $63.60. The company has a 50-day moving average price of $57.77 and a 200 day moving average price of $57.17. The firm has a market capitalization of $15.27 billion, a PE ratio of 47.66 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $289.86 million. During the same quarter in the previous year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.
The firm also recently announced a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.212 per share. The ex-dividend date is Tuesday, October 31st. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
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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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