Orleans Capital Management Corp LA reduced its holdings in shares of Realty Income Corporation (NYSE:O) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,655 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Realty Income Corporation makes up about 2.2% of Orleans Capital Management Corp LA’s holdings, making the stock its 14th largest position. Orleans Capital Management Corp LA’s holdings in Realty Income Corporation were worth $3,126,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Realty Income Corporation by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after acquiring an additional 834,811 shares during the period. BlackRock Inc. lifted its holdings in Realty Income Corporation by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after acquiring an additional 1,024,539 shares during the period. State Street Corp lifted its holdings in Realty Income Corporation by 9.6% during the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after acquiring an additional 1,545,797 shares during the period. Northern Trust Corp lifted its holdings in Realty Income Corporation by 3.6% during the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after acquiring an additional 164,326 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Realty Income Corporation by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,692,785 shares of the real estate investment trust’s stock worth $203,772,000 after acquiring an additional 176,292 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.
O has been the topic of several research reports. Canaccord Genuity initiated coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of Realty Income Corporation in a research note on Friday, July 14th. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Finally, FBR & Co initiated coverage on Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.71.
Shares of Realty Income Corporation (NYSE O) traded up 0.062% during mid-day trading on Friday, hitting $56.785. The company’s stock had a trading volume of 668,480 shares. The stock’s 50 day moving average price is $57.87 and its 200 day moving average price is $57.25. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $63.60. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 48.576 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. During the same period last year, the firm earned $0.70 EPS. Realty Income Corporation’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts forecast that Realty Income Corporation will post $1.19 EPS for the current year.
The business also recently announced a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.212 dividend. The ex-dividend date is Tuesday, October 31st. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio is currently 217.09%.
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In related news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the transaction, the director now directly owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.
Realty Income Corporation Company 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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