Realty Income Co. (NYSE:O) Director Kathleen Allen sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $52.55, for a total value of $210,200.00. Following the completion of the sale, the director now owns 78,000 shares in the company, valued at $4,098,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Realty Income traded down $0.19, hitting $52.79, during trading on Thursday, according to Marketbeat. 1,369,200 shares of the stock were exchanged, compared to its average volume of 2,081,400. The company has a market capitalization of $14.87 billion, a P/E ratio of 17.25, a PEG ratio of 3.70 and a beta of 0.16. Realty Income Co. has a 1 year low of $47.25 and a 1 year high of $60.05. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90.
Realty Income (NYSE:O) last released its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $318.30 million for the quarter, compared to analysts’ expectations of $305.83 million. Realty Income had a return on equity of 4.99% and a net margin of 25.33%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. equities analysts anticipate that Realty Income Co. will post 3.17 earnings per share for the current year.
The business also recently announced a jun 18 dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a dividend of $0.2195 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a yield of 5.04%. Realty Income’s dividend payout ratio (DPR) is presently 85.95%.
O has been the topic of several recent analyst reports. DA Davidson set a $65.00 price target on Realty Income and gave the stock a “buy” rating in a report on Thursday, May 10th. Stifel Nicolaus reduced their price objective on Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. ValuEngine upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Mizuho restated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a report on Friday, March 2nd. Finally, B. Riley set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.40.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in Realty Income by 11.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,100,701 shares of the real estate investment trust’s stock valued at $62,762,000 after acquiring an additional 110,127 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Realty Income by 43.0% in the 4th quarter. Advisor Partners LLC now owns 7,027 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 2,112 shares in the last quarter. Family Legacy Inc. acquired a new stake in shares of Realty Income in the 4th quarter worth $593,000. Bank of Montreal Can boosted its position in shares of Realty Income by 7.8% in the 4th quarter. Bank of Montreal Can now owns 258,531 shares of the real estate investment trust’s stock worth $14,742,000 after purchasing an additional 18,776 shares in the last quarter. Finally, First Manhattan Co. boosted its position in shares of Realty Income by 14.5% in the 4th quarter. First Manhattan Co. now owns 42,689 shares of the real estate investment trust’s stock worth $2,434,000 after purchasing an additional 5,415 shares in the last quarter. 69.91% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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