BNP Paribas Arbitrage SA grew its holdings in Realty Income Corporation (NYSE:O) by 22.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,883 shares of the real estate investment trust’s stock after acquiring an additional 46,885 shares during the quarter. BNP Paribas Arbitrage SA owned 0.09% of Realty Income Corporation worth $14,520,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Realty Income Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock valued at $2,583,229,000 after acquiring an additional 834,811 shares during the period. BlackRock Inc. boosted its position in shares of Realty Income Corporation by 3.9% in the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock valued at $1,497,836,000 after acquiring an additional 1,024,539 shares during the period. Northern Trust Corp boosted its position in shares of Realty Income Corporation by 3.6% in the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock valued at $260,344,000 after acquiring an additional 164,326 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Realty Income Corporation by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,692,785 shares of the real estate investment trust’s stock valued at $203,772,000 after acquiring an additional 176,292 shares during the period. Finally, PGGM Investments raised its stake in shares of Realty Income Corporation by 2.2% in the second quarter. PGGM Investments now owns 3,049,303 shares of the real estate investment trust’s stock valued at $168,261,000 after purchasing an additional 65,376 shares in the last quarter. 67.20% of the stock is owned by institutional investors.
Realty Income Corporation (NYSE:O) opened at $56.67 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Realty Income Corporation has a 12 month low of $52.85 and a 12 month high of $63.60. The stock has a market capitalization of $15,856.06, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 4.59 and a beta of 0.28.
Realty Income Corporation (NYSE:O) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The firm had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same period in the prior year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts anticipate that Realty Income Corporation will post 3 EPS for the current fiscal year.
The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio is currently 208.20%.
In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
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A number of research analysts recently commented on O shares. FBR & Co started 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 for the company. Morgan Stanley upped their target price on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Canaccord Genuity started coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price for the company. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Finally, UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and upped their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Realty Income Corporation has a consensus rating of “Hold” and an average price target of $65.43.
Realty Income Corporation 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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