Realty Income Corporation (O) Shares Bought by Systematic Financial Management LP
Systematic Financial Management LP grew its stake in shares of Realty Income Corporation (NYSE:O) by 140.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,450 shares of the real estate investment trust’s stock after acquiring an additional 2,600 shares during the quarter. Systematic Financial Management LP’s holdings in Realty Income Corporation were worth $246,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of O. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Realty Income Corporation by 314.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,462 shares during the period. Founders Capital Management purchased a new stake in shares of Realty Income Corporation during the 1st quarter worth about $107,000. Harbour Capital Advisors LLC purchased a new stake in shares of Realty Income Corporation during the 1st quarter worth about $119,000. Bessemer Group Inc. grew its holdings in shares of Realty Income Corporation by 42.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 652 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in shares of Realty Income Corporation by 6.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 143 shares during the period. 68.97% of the stock is owned by institutional investors.
Realty Income Corporation (O) opened at 58.34 on Thursday. The firm has a 50-day moving average price of $57.88 and a 200-day moving average price of $57.43. The stock has a market cap of $15.99 billion, a PE ratio of 49.91 and a beta of 0.31. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.14.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the Zacks’ 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 the consensus estimate of $289.86 million. During the same period last year, the business earned $0.70 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. Analysts forecast that Realty Income Corporation will post $1.19 EPS for the current fiscal year.
The business also recently disclosed a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a $0.212 dividend. This represents a dividend yield of 4.33%. This is an increase from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date of this dividend is Friday, September 29th. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
A number of brokerages have recently issued reports on O. FBR & Co began coverage on Realty Income Corporation in a report on Monday, July 17th. They set a “market perform” rating and a $56.00 target price for the company. Canaccord Genuity began coverage on Realty Income Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $61.00 target price for the company. BidaskClub cut Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.24.
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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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