Weaver Consulting Group bought a new stake in Realty Income Corp (NYSE:O) in the second quarter, HoldingsChannel.com reports. The firm bought 425 shares of the real estate investment trust’s stock, valued at approximately $29,000.
A number of other large investors also recently added to or reduced their stakes in O. Investors Research Corp purchased a new stake in Realty Income during the 1st quarter worth about $27,000. Berman Capital Advisors LLC lifted its holdings in Realty Income by 62.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in Realty Income by 245.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 268 shares during the last quarter. Liberty Wealth Management LLC lifted its holdings in Realty Income by 102.7% during the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 225 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in Realty Income by 182.7% during the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Shares of NYSE:O traded down $0.08 during trading on Tuesday, hitting $73.31. 16,237 shares of the stock were exchanged, compared to its average volume of 1,573,202. The company has a fifty day moving average price of $70.47 and a two-hundred day moving average price of $70.47. The company has a market cap of $23.17 billion, a PE ratio of 22.88, a P/E/G ratio of 6.03 and a beta of 0.12. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. Realty Income Corp has a 12-month low of $55.55 and a 12-month high of $74.14.
Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. Equities research analysts anticipate that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.
The company also recently declared a aug 19 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.2265 per share. The ex-dividend date is Friday, August 30th. Realty Income’s dividend payout ratio (DPR) is 85.27%.
O has been the subject of a number of recent analyst reports. ValuEngine downgraded Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley lifted their target price on Realty Income from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Capital One Financial upgraded Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th. Zacks Investment Research cut Realty Income from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, Citigroup set a $74.00 price target on Realty Income and gave the company a “hold” rating in a research report on Tuesday, June 11th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.89.
In other news, Director Ronald Merriman sold 6,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $70.72, for a total transaction of $424,320.00. Following the completion of the sale, the director now directly owns 18,075 shares in the company, valued at approximately $1,278,264. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Benjamin N. Fox sold 2,631 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $70.70, for a total value of $186,011.70. Following the sale, the executive vice president now owns 12,812 shares of the company’s stock, valued at $905,808.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,460 shares of company stock worth $1,366,521 in the last three months. Corporate insiders own 0.20% of the company’s stock.
Realty Income Company 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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