Sigma Planning Corp raised its position in shares of Realty Income Corp (NYSE:O) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,579 shares of the real estate investment trust’s stock after purchasing an additional 1,290 shares during the period. Sigma Planning Corp’s holdings in Realty Income were worth $2,544,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new stake in shares of Realty Income during the 4th quarter worth about $25,000. Pearl River Capital LLC purchased a new position in shares of Realty Income in the fourth quarter worth approximately $26,000. Investors Research Corp purchased a new position in shares of Realty Income in the first quarter worth approximately $27,000. Cascade Investment Advisors Inc. increased its position in shares of Realty Income by 900.0% in the first quarter. Cascade Investment Advisors Inc. now owns 400 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 360 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Realty Income by 43.7% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. 69.32% of the stock is owned by hedge funds and other institutional investors.
Shares of O stock traded down $0.94 during mid-day trading on Wednesday, reaching $68.80. The company’s stock had a trading volume of 1,372,839 shares, compared to its average volume of 2,623,595. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.35 and a current ratio of 1.35. Realty Income Corp has a 1-year low of $52.37 and a 1-year high of $74.14. The stock has a market cap of $22.32 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 4.79 and a beta of 0.16.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.43). Realty Income had a return on equity of 7.65% and a net margin of 28.70%. The firm had revenue of $354.40 million during the quarter, compared to the consensus estimate of $335.37 million. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income Corp will post 3.3 earnings per share for the current year.
The company also recently announced a may 19 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.226 dividend. This represents a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, May 31st. Realty Income’s payout ratio is 84.95%.
In other Realty Income news, EVP Benjamin N. Fox sold 2,631 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $70.70, for a total transaction of $186,011.70. Following the sale, the executive vice president now owns 12,812 shares of the company’s stock, valued at approximately $905,808.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Merriman sold 6,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $70.72, for a total transaction of $424,320.00. Following the sale, the director now directly owns 18,075 shares in the company, valued at approximately $1,278,264. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,460 shares of company stock worth $1,366,521. Insiders own 0.20% of the company’s stock.
A number of brokerages recently commented on O. Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Stifel Nicolaus boosted their price objective on shares of Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th. Wells Fargo & Co boosted their target price on shares of Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Finally, Citigroup set a $70.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Realty Income has a consensus rating of “Hold” and an average target price of $61.55.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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