Tokio Marine Asset Management Co. Ltd. Sells 464 Shares of Realty Income Corp. (O)
Tokio Marine Asset Management Co. Ltd. decreased its position in Realty Income Corp. (NYSE:O) by 5.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,496 shares of the company’s stock after selling 464 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Realty Income Corp. were worth $589,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new position in shares of Realty Income Corp. during the second quarter valued at about $202,000. Stock Yards Bank & Trust Co. bought a new position in shares of Realty Income Corp. during the second quarter valued at about $203,000. Gofen & Glossberg LLC IL bought a new position in shares of Realty Income Corp. during the second quarter valued at about $209,000. LVM Capital Management Ltd. MI bought a new position in shares of Realty Income Corp. during the second quarter valued at about $214,000. Finally, Cue Financial Group Inc. bought a new position in shares of Realty Income Corp. during the second quarter valued at about $220,000. 70.99% of the stock is owned by institutional investors.
Realty Income Corp. (NYSE:O) traded down 0.21% during midday trading on Friday, hitting $61.46. The stock had a trading volume of 1,446,180 shares. The firm has a market cap of $15.89 billion, a P/E ratio of 56.39 and a beta of 0.33. The stock has a 50-day moving average price of $65.90 and a 200 day moving average price of $65.12. Realty Income Corp. has a 12-month low of $45.98 and a 12-month high of $72.30.
Realty Income Corp. (NYSE:O) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.02. The firm earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. Realty Income Corp.’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, equities analysts anticipate that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.
The company also recently disclosed a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a $0.202 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 3.77%. This is an increase from Realty Income Corp.’s previous oct 16 dividend of $0.20. Realty Income Corp.’s dividend payout ratio (DPR) is presently 222.02%.
O has been the subject of a number of analyst reports. Vetr cut Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price target for the company. in a report on Tuesday. BTIG Research initiated coverage on Realty Income Corp. in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Citigroup Inc. upped their price target on Realty Income Corp. from $50.00 to $60.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Royal Bank Of Canada upped their price target on Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a report on Monday, August 1st. Finally, Stifel Nicolaus upped their price target on Realty Income Corp. from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.60.
In related news, Director Kathleen Allen sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.49, for a total value of $281,960.00. Following the completion of the sale, the director now owns 74,000 shares in the company, valued at $5,216,260. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald Merriman sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total transaction of $166,700.00. Following the completion of the sale, the director now owns 12,075 shares of the company’s stock, valued at approximately $805,161. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.
Realty Income Corp. 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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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