Mutual Advisors LLC boosted its position in Realty Income Corp (NYSE:O) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,776 shares of the real estate investment trust’s stock after acquiring an additional 156 shares during the period. Mutual Advisors LLC’s holdings in Realty Income were worth $2,261,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of O. Berman Capital Advisors LLC increased its holdings in Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of Realty Income by 245.9% during the first quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 268 shares during the last quarter. Weaver Consulting Group bought a new position in Realty Income during the second quarter valued at $29,000. Liberty Wealth Management LLC grew its holdings in Realty Income by 102.7% during the second quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 225 shares during the period. Finally, Asset Dedication LLC boosted its holdings in shares of Realty Income by 182.7% in the second quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.
Several research firms recently issued reports on O. Morgan Stanley lifted their price objective on Realty Income from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 17th. Citigroup set a $74.00 price target on Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Standpoint Research boosted their price target on Realty Income to $83.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Deutsche Bank started coverage on Realty Income in a research report on Tuesday, August 27th. They set a “hold” rating and a $73.00 price objective on the stock. Finally, Wells Fargo & Co set a $82.00 price objective on Realty Income and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $74.22.
Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The company had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. Realty Income had a net margin of 27.86% and a return on equity of 4.79%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Research analysts anticipate that Realty Income Corp will post 3.29 EPS for the current fiscal year.
The company also recently announced a sep 19 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.227 per share. This represents a dividend yield of 3.6%. The ex-dividend date is Monday, September 30th. Realty Income’s payout ratio is currently 85.27%.
In related news, CFO Paul M. Meurer sold 10,000 shares of Realty Income stock in a transaction on Monday, September 9th. The shares were sold at an average price of $75.33, for a total transaction of $753,300.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Larry Chapman sold 8,000 shares of Realty Income stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total transaction of $600,720.00. Following the sale, the director now owns 14,757 shares in the company, valued at $1,108,103.13. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.
Realty Income 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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