Sumitomo Mitsui Asset Management Company LTD Sells 127,874 Shares of Realty Income Corporation (O)

Sumitomo Mitsui Asset Management Company LTD lessened its holdings in Realty Income Corporation (NYSE:O) by 60.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,910 shares of the real estate investment trust’s stock after selling 127,874 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Realty Income Corporation were worth $4,856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FCG Advisors LLC grew its holdings in Realty Income Corporation by 0.5% in the second quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 18 shares during the period. Bennicas & Associates Inc. grew its holdings in Realty Income Corporation by 0.6% in the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 33 shares during the period. JT Stratford LLC grew its holdings in Realty Income Corporation by 0.5% in the second quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 35 shares during the period. Eaton Vance Management grew its holdings in Realty Income Corporation by 0.9% in the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 47 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Realty Income Corporation by 2.9% in the second quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 69.04% of the company’s stock.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings data 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 firm had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year.

The company also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.212 dividend. This represents a dividend yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s payout ratio is currently 208.20%.

In other news, Director Gregory Mclaughlin sold 3,200 shares of Realty Income Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total value of $188,320.00. Following the transaction, the director now 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 can be accessed through this link. 0.30% of the stock is owned by insiders.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a report on Wednesday. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a report on Wednesday. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Realty Income Corporation in a report on Wednesday, October 25th. FBR & Co set a $56.00 price target on shares of Realty Income Corporation and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $65.43.

COPYRIGHT VIOLATION NOTICE: “Sumitomo Mitsui Asset Management Company LTD Sells 127,874 Shares of Realty Income Corporation (O)” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/02/sumitomo-mitsui-asset-management-company-ltd-sells-127874-shares-of-realty-income-corporation-o.html.

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.

Institutional Ownership by Quarter for Realty Income Corporation (NYSE:O)

Receive News & Ratings for Realty Income Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply