Strategic Blueprint LLC purchased a new stake in Realty Income Corp (NYSE:O) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,315 shares of the real estate investment trust’s stock, valued at approximately $101,000.
Other institutional investors have also recently bought and sold shares of the company. Berman Capital Advisors LLC raised its holdings in shares of 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 buying an additional 155 shares in the last quarter. Weaver Consulting Group acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $29,000. Liberty Wealth Management LLC raised its holdings in shares of Realty Income by 102.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 225 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Realty Income by 182.7% in the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 316 shares in the last quarter. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $34,000. 70.87% of the stock is owned by hedge funds and other institutional investors.
In other news, Director A. Larry Chapman sold 8,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. Following the transaction, the director now directly owns 14,757 shares in the company, valued at approximately $1,108,103.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Meurer sold 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the transaction, the chief financial officer now owns 30,468 shares in the company, valued at $2,295,154.44. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.
Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. The firm had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. As a group, analysts expect that Realty Income Corp will post 3.29 EPS for the current fiscal year.
The company also recently disclosed a nov 19 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.227 dividend. The ex-dividend date of this dividend is Thursday, October 31st. Realty Income’s payout ratio is 85.27%.
A number of equities analysts have recently issued reports on O shares. Deutsche Bank started coverage on Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 target price for the company. Jefferies Financial Group started coverage on Realty Income in a report on Thursday, October 10th. They set a “buy” rating and a $99.00 price target for the company. ValuEngine cut Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co set a $82.00 price target on Realty Income and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus raised their price target on Realty Income from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $78.10.
Realty Income Company 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.
Further Reading: Cost of Debt
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