Kalos Management Inc. increased its holdings in Realty Income Corporation (NYSE:O) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,636 shares of the real estate investment trust’s stock after acquiring an additional 3,428 shares during the quarter. Realty Income makes up 2.0% of Kalos Management Inc.’s portfolio, making the stock its 10th biggest position. Kalos Management Inc.’s holdings in Realty Income were worth $3,124,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in O. ING Groep NV acquired a new stake in Realty Income during the second quarter valued at approximately $219,000. Bessemer Group Inc. raised its stake in Realty Income by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Realty Income by 13.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 21,219 shares of the real estate investment trust’s stock valued at $1,171,000 after buying an additional 2,500 shares in the last quarter. Korea Investment CORP raised its stake in Realty Income by 6,533.1% during the second quarter. Korea Investment CORP now owns 65,800 shares of the real estate investment trust’s stock valued at $3,631,000 after buying an additional 64,808 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in Realty Income by 1.0% during the second quarter. Retirement Systems of Alabama now owns 132,394 shares of the real estate investment trust’s stock valued at $7,306,000 after buying an additional 1,346 shares in the last quarter. Institutional investors and hedge funds own 70.04% of the company’s stock.
In related news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the transaction, the director now directly owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Insiders have sold 10,549 shares of company stock valued at $593,646 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.
Realty Income Corporation (NYSE O) traded up $0.75 during trading hours on Monday, hitting $55.58. The stock had a trading volume of 1,357,100 shares, compared to its average volume of 1,753,333. The company has a market capitalization of $15,661.63, a price-to-earnings ratio of 18.16, a PEG ratio of 4.56 and a beta of 0.29. Realty Income Corporation has a 52 week low of $52.85 and a 52 week high of $63.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 had a return on equity of 5.11% and a net margin of 29.37%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. sell-side analysts forecast that Realty Income Corporation will post 2.98 EPS for the current fiscal year.
The business also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 30th. Realty Income’s dividend payout ratio (DPR) is presently 208.20%.
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Realty Income 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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