Spectrum Management Group Inc. Increases Position in Realty Income Corp (NYSE:O)

Spectrum Management Group Inc. lifted its position in shares of Realty Income Corp (NYSE:O) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,030 shares of the real estate investment trust’s stock after buying an additional 1,265 shares during the period. Spectrum Management Group Inc.’s holdings in Realty Income were worth $1,795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Investors Research Corp acquired a new position in Realty Income during the first quarter worth approximately $27,000. Cornerstone Advisors Inc. increased its position in Realty Income by 245.9% during the first quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 268 shares during the last quarter. Berman Capital Advisors LLC increased its position in Realty Income by 62.8% during the second quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Liberty Wealth Management LLC increased its position in Realty Income by 102.7% during the second quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 225 shares during the last quarter. Finally, Asset Dedication LLC increased its position in Realty Income by 182.7% during the second quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 316 shares during the last quarter. 69.08% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on O shares. ValuEngine lowered shares of Realty Income from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley upped their price target on shares of Realty Income from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Citigroup set a $74.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research lowered shares of Realty Income from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.89.

In other news, EVP Michael R. Pfeiffer sold 10,829 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $69.83, for a total value of $756,189.07. Following the completion of the sale, the executive vice president now owns 29,163 shares of the company’s stock, valued at $2,036,452.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin N. Fox sold 2,631 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $70.70, for a total transaction of $186,011.70. Following the completion of the sale, the executive vice president now directly owns 12,812 shares of the company’s stock, valued at approximately $905,808.40. The disclosure for this sale can be found here. Insiders sold 19,460 shares of company stock valued at $1,366,521 in the last three months. Company insiders own 0.20% of the company’s stock.

Shares of Realty Income stock traded up $0.53 during trading hours on Friday, hitting $72.74. The company’s stock had a trading volume of 528,766 shares, compared to its average volume of 1,559,470. Realty Income Corp has a 1-year low of $55.55 and a 1-year high of $74.14. The business has a fifty day moving average of $70.16 and a 200 day moving average of $70.42. The company has a market capitalization of $23.00 billion, a PE ratio of 22.80, a P/E/G ratio of 5.98 and a beta of 0.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Realty Income had a net margin of 27.86% and a return on equity of 7.14%. The company had revenue of $365.50 million during the quarter, compared to analyst estimates of $344.42 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.

The firm also recently disclosed a aug 19 dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.2265 dividend. The ex-dividend date was Wednesday, July 31st. Realty Income’s payout ratio is currently 85.27%.

Realty Income Profile

Realty Income, The Monthly Dividend Company, 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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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