Realty Income Corporation (O) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. lifted its holdings in shares of Realty Income Corporation (NYSE:O) by 8.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,900 shares of the real estate investment trust’s stock after acquiring an additional 384 shares during the period. Pacer Advisors Inc.’s holdings in Realty Income Corporation were worth $270,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Founders Capital Management purchased a new stake in shares of Realty Income Corporation during the first quarter worth about $107,000. Harbour Capital Advisors LLC purchased a new stake in shares of Realty Income Corporation during the first quarter worth about $119,000. Bessemer Group Inc. grew its stake in shares of Realty Income Corporation by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Realty Income Corporation by 6.1% during the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 143 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in shares of Realty Income Corporation by 23.4% during the second quarter. Grove Bank & Trust now owns 2,766 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.
Shares of Realty Income Corporation (NYSE:O) opened at 58.79 on Thursday. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.14. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 50.29 and a beta of 0.31. The company has a 50-day moving average price of $57.63 and a 200-day moving average price of $57.50.
Realty Income Corporation (NYSE:O) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same quarter last year, the company earned $0.70 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts expect that Realty Income Corporation will post $1.19 EPS for the current fiscal year.
The company also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.212 per share. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date is Friday, September 29th. This represents a yield of 4.33%. Realty Income Corporation’s payout ratio is 217.09%.
A number of equities research analysts have recently weighed in on the company. FBR & Co assumed coverage on Realty Income Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $56.00 price target on the stock. Canaccord Genuity assumed coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target on the stock. BidaskClub lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.24.
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In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation 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 of the company’s stock, valued at $1,153,445.99. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.
Realty Income Corporation 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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