Bbva Compass Bancshares Inc. lessened its holdings in shares of Realty Income Corporation (NYSE:O) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,212 shares of the real estate investment trust’s stock after selling 2,150 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Realty Income Corporation were worth $1,385,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its position in Realty Income Corporation by 314.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,462 shares during the period. Bessemer Group Inc. lifted its stake in Realty Income Corporation by 42.1% in the 2nd 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. Founders Capital Management lifted its stake in Realty Income Corporation by 34.9% in the 2nd quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 630 shares in the last quarter. Grove Bank & Trust lifted its stake in Realty Income Corporation by 23.4% in the 2nd quarter. Grove Bank & Trust now owns 2,766 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 525 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Realty Income Corporation by 2.9% in the 2nd quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 87 shares in the last quarter. 67.20% of the stock is currently owned by hedge funds and other institutional investors.
In other Realty Income Corporation news, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at approximately $940,776.10. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
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Shares of Realty Income Corporation (NYSE:O) traded up $0.29 during midday trading on Monday, hitting $56.56. 142,371 shares of the company’s stock traded hands, compared to its average volume of 1,767,230. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $15,856.06, a P/E ratio of 18.39, a PEG ratio of 4.59 and a beta of 0.28. Realty Income Corporation has a 12 month low of $52.85 and a 12 month high of $63.60.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. equities research analysts expect that Realty Income Corporation will post 3 earnings per share for the current fiscal year.
The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. Realty Income Corporation’s dividend payout ratio is currently 208.20%.
O has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. FBR & Co started coverage on shares of Realty Income Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $56.00 target price for the company. Morgan Stanley boosted their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Canaccord Genuity began coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective for the company. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $65.43.
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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