OppenheimerFunds Inc. lifted its position in shares of Realty Income Corp (NYSE:O) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,325 shares of the real estate investment trust’s stock after purchasing an additional 7,145 shares during the period. OppenheimerFunds Inc.’s holdings in Realty Income were worth $2,071,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC lifted its position in Realty Income by 5.7% in the third quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock valued at $952,000 after acquiring an additional 897 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Realty Income by 2.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock valued at $2,103,000 after acquiring an additional 900 shares during the last quarter. Sigma Planning Corp lifted its position in Realty Income by 2.1% in the third quarter. Sigma Planning Corp now owns 45,664 shares of the real estate investment trust’s stock valued at $2,612,000 after acquiring an additional 929 shares during the last quarter. Texas Permanent School Fund lifted its position in Realty Income by 1.3% in the fourth quarter. Texas Permanent School Fund now owns 76,925 shares of the real estate investment trust’s stock valued at $4,386,000 after acquiring an additional 971 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Realty Income by 5.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 17,979 shares of the real estate investment trust’s stock valued at $1,115,000 after acquiring an additional 972 shares during the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total transaction of $114,687.64. Following the transaction, the executive vice president now directly owns 17,531 shares in the company, valued at $883,387.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The business had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. During the same period in the previous year, the business posted $0.33 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. equities research analysts anticipate that Realty Income Corp will post 3.16 EPS for the current year.
The company also recently declared a mar 18 dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.219 per share. The ex-dividend date is Wednesday, February 28th. This represents a dividend yield of 5.32%. Realty Income’s dividend payout ratio (DPR) is 236.94%.
A number of research analysts have commented on O shares. Mizuho restated a “hold” rating and issued a $53.00 price objective on shares of Realty Income in a research note on Friday, March 2nd. Stifel Nicolaus dropped their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. B. Riley set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Vetr lowered shares of Realty Income from a “buy” rating to a “hold” rating and set a $58.60 price objective on the stock. in a research note on Monday, November 13th. Finally, Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Realty Income has an average rating of “Hold” and a consensus target price of $62.08.
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About Realty Income
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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