Realty Income Corporation (O) Position Maintained by Anchor Capital Advisors LLC
Anchor Capital Advisors LLC continued to hold its stake in shares of Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,505 shares of the real estate investment trust’s stock at the end of the second quarter. Anchor Capital Advisors LLC’s holdings in Realty Income Corporation were worth $304,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Founders Capital Management acquired a new position in Realty Income Corporation during the first quarter worth about $107,000. Harbour Capital Advisors LLC acquired a new position in Realty Income Corporation during the first quarter worth about $119,000. Bessemer Group Inc. increased its position in Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 652 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Realty Income Corporation during the first quarter worth about $144,000. Finally, IHT Wealth Management LLC increased its position in Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares during the last quarter. 68.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Realty Income Corporation (NYSE O) opened at 57.45 on Tuesday. The company has a market cap of $15.75 billion, a PE ratio of 49.14 and a beta of 0.32. The stock’s 50 day moving average is $56.17 and its 200 day moving average is $58.05. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.54.
Realty Income Corporation (NYSE:O) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Equities analysts forecast that Realty Income Corporation will post $1.21 EPS for the current year.
The firm also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a dividend yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is 217.09%.
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A number of research firms recently issued reports on O. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Canaccord Genuity began coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. FBR & Co began coverage on shares of Realty Income Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective on the stock. Finally, BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Realty Income Corporation presently has an average rating of “Hold” and an average target price of $63.68.
In other news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total transaction of $449,840.00. Following the transaction, the director now owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.
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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