Realty Income Corp. (O) Shares Bought by Integrated Wealth Management
Integrated Wealth Management raised its position in Realty Income Corp. (NYSE:O) by 42.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,569 shares of the company’s stock after buying an additional 3,151 shares during the period. Integrated Wealth Management’s holdings in Realty Income Corp. were worth $733,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of O. Ngam Advisors L.P. increased its position in Realty Income Corp. by 4.6% in the first quarter. Ngam Advisors L.P. now owns 20,054 shares of the company’s stock worth $1,254,000 after buying an additional 891 shares during the period. TIAA CREF Investment Management LLC increased its position in Realty Income Corp. by 41.1% in the first quarter. TIAA CREF Investment Management LLC now owns 466,981 shares of the company’s stock worth $29,191,000 after buying an additional 136,096 shares during the period. Franklin Resources Inc. increased its position in Realty Income Corp. by 14.7% in the first quarter. Franklin Resources Inc. now owns 544,230 shares of the company’s stock worth $34,020,000 after buying an additional 69,600 shares during the period. Aviva PLC increased its position in Realty Income Corp. by 6.7% in the first quarter. Aviva PLC now owns 127,307 shares of the company’s stock worth $7,958,000 after buying an additional 8,046 shares during the period. Finally, Kempen Capital Management N.V. increased its position in Realty Income Corp. by 19.5% in the first quarter. Kempen Capital Management N.V. now owns 52,005 shares of the company’s stock worth $3,251,000 after buying an additional 8,504 shares during the period. 70.96% of the stock is owned by institutional investors and hedge funds.
Shares of Realty Income Corp. (NYSE:O) traded down 0.29% during midday trading on Wednesday, hitting $62.48. The stock had a trading volume of 411,893 shares. The stock has a market cap of $16.16 billion, a PE ratio of 57.32 and a beta of 0.33. Realty Income Corp. has a 52-week low of $45.98 and a 52-week high of $72.30. The firm has a 50 day moving average price of $64.98 and a 200-day moving average price of $65.15.
Realty Income Corp. (NYSE:O) last released its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.02. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The firm earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. During the same period in the previous year, the company earned $0.69 earnings per share. Realty Income Corp.’s revenue was up 7.7% on a year-over-year basis. Equities analysts predict that Realty Income Corp. will post $2.85 EPS for the current fiscal year.
The company also recently announced a nov 16 dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a $0.202 dividend. This represents a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, October 28th. Realty Income Corp.’s payout ratio is 222.02%.
A number of research firms have recently issued reports on O. Vetr downgraded Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price target on the stock. in a research note on Tuesday, October 4th. Zacks Investment Research upgraded Realty Income Corp. from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday. Wunderlich lifted their target price on Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. lifted their target price on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Finally, BTIG Research began coverage on Realty Income Corp. in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $62.80.
In other Realty Income Corp. news, Director Kathleen Allen sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $70.49, for a total value of $281,960.00. Following the sale, the director now directly owns 74,000 shares of the company’s stock, valued at $5,216,260. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald Merriman sold 2,500 shares of the company’s stock in a transaction on 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 directly owns 12,075 shares in the company, valued at $805,161. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company 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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