PGGM Investments Acquires 5,852 Shares of Realty Income Corporation (O)
PGGM Investments raised its holdings in Realty Income Corporation (NYSE:O) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,055,155 shares of the real estate investment trust’s stock after acquiring an additional 5,852 shares during the period. Realty Income Corporation makes up approximately 0.9% of PGGM Investments’ investment portfolio, making the stock its 27th largest position. PGGM Investments owned about 1.11% of Realty Income Corporation worth $174,724,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in O. Bronfman E.L. Rothschild L.P. increased 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 buying an additional 1,462 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Realty Income Corporation during the 1st quarter worth approximately $119,000. Bessemer Group Inc. increased 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 buying an additional 652 shares during the last quarter. Founders Capital Management increased its holdings in shares of Realty Income Corporation by 34.9% during the 2nd quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 630 shares during the last quarter. Finally, IHT Wealth Management LLC increased 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 buying an additional 143 shares during the last quarter. Institutional investors own 68.95% of the company’s stock.
In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the sale, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.
O has been the subject of a number of recent analyst reports. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target for the company. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and raised their price target for the stock from $52.00 to $57.00 in a report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a report on Friday, July 14th. BidaskClub downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley raised their price target 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Realty Income Corporation presently has an average rating of “Hold” and an average target price of $63.80.
Realty Income Corporation (O) traded down 1.19% during trading on Friday, hitting $55.54. 1,684,457 shares of the company were exchanged. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 47.51 and a beta of 0.32. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $63.60. The company has a 50-day moving average of $57.77 and a 200-day moving average of $57.17.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS 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 firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. Realty Income Corporation’s revenue for the quarter 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 year.
The business also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.212 per share. This represents a yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s dividend payout ratio (DPR) is 217.09%.
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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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