Meadow Creek Investment Management LLC raised its stake in shares of Realty Income Corp (NYSE:O) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,244 shares of the real estate investment trust’s stock after purchasing an additional 2,296 shares during the period. Meadow Creek Investment Management LLC’s holdings in Realty Income were worth $1,089,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Summit Trail Advisors LLC lifted its stake in shares of Realty Income by 3,303.4% in the first quarter. Summit Trail Advisors LLC now owns 106,458 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 103,330 shares in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in shares of Realty Income in the first quarter worth about $111,000. Clarus Wealth Advisors purchased a new position in shares of Realty Income in the second quarter worth about $114,000. Centaurus Financial Inc. purchased a new position in shares of Realty Income in the first quarter worth about $125,000. Finally, Perigon Wealth Management LLC lifted its stake in shares of Realty Income by 135.7% in the first quarter. Perigon Wealth Management LLC now owns 2,659 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,531 shares in the last quarter. 68.20% of the stock is currently owned by institutional investors and hedge funds.
In other Realty Income news, COO Sumit Roy sold 18,682 shares of Realty Income stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.49, for a total transaction of $1,074,028.18. Following the completion of the sale, the chief operating officer now directly owns 70,041 shares in the company, valued at $4,026,657.09. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Case sold 35,000 shares of Realty Income stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.70, for a total transaction of $2,019,500.00. Following the sale, the chief executive officer now owns 158,961 shares of the company’s stock, valued at $9,172,049.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,067 shares of company stock valued at $5,142,150. 0.20% of the stock is owned by company insiders.
Several research firms have recently weighed in on O. ValuEngine downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Janney Montgomery Scott downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group raised shares of Realty Income from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $54.00 to $62.00 in a research note on Tuesday, July 10th. Wells Fargo & Co set a $65.00 price objective on shares of Realty Income and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.10.
Realty Income stock opened at $58.63 on Thursday. Realty Income Corp has a 12-month low of $47.25 and a 12-month high of $60.05. The stock has a market cap of $16.99 billion, a P/E ratio of 19.16, a PEG ratio of 4.16 and a beta of 0.10. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.
Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.45). Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The firm had revenue of $328.90 million for the quarter, compared to analyst estimates of $311.95 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. Realty Income’s revenue for the quarter was up 9.6% on a year-over-year basis. equities research analysts predict that Realty Income Corp will post 3.18 earnings per share for the current year.
The company also recently disclosed a sep 18 dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, September 4th will be given a dividend of $0.22 per share. This represents a yield of 4.51%. The ex-dividend date of this dividend is Friday, August 31st. Realty Income’s payout ratio is currently 86.27%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company<sup>®</sup>, 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 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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