State of Wisconsin Investment Board lifted its stake in Realty Income Corporation (NYSE:O) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 339,127 shares of the real estate investment trust’s stock after purchasing an additional 22,968 shares during the period. State of Wisconsin Investment Board owned about 0.12% of Realty Income Corporation worth $19,395,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its holdings in 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 acquiring an additional 1,462 shares in the last quarter. Bessemer Group Inc. grew its holdings in 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 acquiring an additional 652 shares in the last quarter. Founders Capital Management grew its holdings in 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 acquiring an additional 630 shares in the last quarter. Grove Bank & Trust grew its holdings in Realty Income Corporation by 23.4% during the 2nd 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 in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Realty Income Corporation by 2.9% during the 2nd quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.
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O has been the subject of several analyst reports. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and increased their price target for the company from $52.00 to $57.00 in a research report on Friday, September 8th. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Wednesday, November 1st. FBR & Co set a $56.00 price target on shares of Realty Income Corporation and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley increased their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.43.
Realty Income Corporation (NYSE:O) opened at $56.27 on Friday. The company has a market cap of $15,856.04, a P/E ratio of 18.39, a P/E/G ratio of 4.59 and a beta of 0.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. Realty Income Corporation has a 1 year low of $52.85 and a 1 year high of $63.60.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The company had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same period last year, the firm posted $0.72 EPS. Realty Income Corporation’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts anticipate that Realty Income Corporation will post 3 earnings per share for the current fiscal year.
The firm also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. Realty Income Corporation’s dividend payout ratio is presently 208.20%.
In other Realty Income Corporation news, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now directly owns 15,986 shares in the company, valued at approximately $940,776.10. The disclosure for this sale can be found here. 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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