Realty Income Corporation (NYSE:O) SVP Joel Tomlinson sold 1,746 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the sale, the senior vice president now owns 14,913 shares in the company, valued at $841,838.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Realty Income Corporation (O) traded up $0.23 during mid-day trading on Wednesday, hitting $56.90. The stock had a trading volume of 1,496,700 shares, compared to its average volume of 1,765,039. The firm has a market capitalization of $16,030.00, a P/E ratio of 18.52, a P/E/G ratio of 4.62 and a beta of 0.28. Realty Income Corporation has a 1-year low of $52.85 and a 1-year 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 Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The company’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. equities research analysts expect that Realty Income Corporation will post 3 EPS for the current fiscal year.
The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.212 dividend. This represents a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 30th. Realty Income Corporation’s payout ratio is currently 208.20%.
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A number of equities analysts recently issued reports on the company. B. Riley reaffirmed a “neutral” rating on shares of Realty Income Corporation in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Canaccord Genuity assumed coverage on Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target for the company. Vetr raised Realty Income Corporation from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a report on Thursday, October 19th. Finally, FBR & Co set a $56.00 price target on Realty Income Corporation and gave the company a “hold” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $65.43.
Hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB boosted its holdings in shares of Realty Income Corporation by 2.2% in the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock valued at $3,300,000 after acquiring an additional 1,227 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Realty Income Corporation by 23.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock valued at $8,837,000 after acquiring an additional 30,444 shares during the period. Lockheed Martin Investment Management Co. boosted its holdings in shares of Realty Income Corporation by 167.5% in the second quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock valued at $2,908,000 after acquiring an additional 33,000 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Realty Income Corporation by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock valued at $124,609,000 after acquiring an additional 76,311 shares during the period. Finally, QS Investors LLC boosted its holdings in shares of Realty Income Corporation by 48.0% in the second quarter. QS Investors LLC now owns 22,521 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 7,300 shares during the period. 67.20% of the stock is owned by institutional investors and hedge funds.
Realty Income Corporation Company 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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