MML Investors Services LLC Has $2.04 Million Holdings in Realty Income Corporation (O)
MML Investors Services LLC increased its holdings in shares of Realty Income Corporation (NYSE:O) by 9.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,898 shares of the real estate investment trust’s stock after acquiring an additional 3,245 shares during the period. MML Investors Services LLC’s holdings in Realty Income Corporation were worth $2,036,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Lockheed Martin Investment Management Co. acquired a new stake in shares of Realty Income Corporation during the 1st quarter valued at about $1,173,000. Cibc World Markets Corp grew its position in shares of Realty Income Corporation by 24.7% during the 1st quarter. Cibc World Markets Corp now owns 53,331 shares of the real estate investment trust’s stock valued at $3,175,000 after acquiring an additional 10,571 shares during the period. Northstar Wealth Partners LLC acquired a new stake in shares of Realty Income Corporation during the 1st quarter valued at about $753,000. Bank of America Corp DE grew its position in shares of Realty Income Corporation by 12.2% during the 1st quarter. Bank of America Corp DE now owns 2,197,976 shares of the real estate investment trust’s stock valued at $130,845,000 after acquiring an additional 239,764 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Realty Income Corporation by 118.1% during the 1st quarter. Private Advisor Group LLC now owns 101,292 shares of the real estate investment trust’s stock valued at $3,123,000 after acquiring an additional 54,839 shares during the period. Hedge funds and other institutional investors own 68.97% of the company’s stock.
Realty Income Corporation (NYSE:O) opened at 57.57 on Friday. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 49.25 and a beta of 0.31. The firm has a 50-day moving average of $57.88 and a 200-day moving average of $57.43. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $69.14.
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 net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same period in the prior year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Realty Income Corporation will post $1.19 EPS for the current year.
The business also recently announced 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. This represents a yield of 4.33%. The ex-dividend date of this dividend is Friday, September 29th. Realty Income Corporation’s dividend payout ratio is presently 217.09%.
Several equities research analysts recently issued reports on the company. UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $52.00 to $57.00 in a report on Friday, September 8th. Canaccord Genuity assumed coverage on Realty Income Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a report on Friday, July 14th. BidaskClub cut Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.24.
In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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