Cubist Systematic Strategies LLC grew its position in shares of Realty Income Corp (NYSE:O) by 5,133.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 204,592 shares of the real estate investment trust’s stock after acquiring an additional 200,683 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Realty Income were worth $14,111,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Berman Capital Advisors LLC lifted its stake in shares of Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of Realty Income by 245.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 268 shares during the last quarter. Weaver Consulting Group bought a new stake in shares of Realty Income in the 2nd quarter valued at about $29,000. Liberty Wealth Management LLC lifted its stake in shares of Realty Income by 102.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 225 shares during the last quarter. Finally, Asset Dedication LLC lifted its stake in shares of Realty Income by 182.7% in the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.
O has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on Realty Income from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Wells Fargo & Co set a $82.00 price target on Realty Income and gave the company a “buy” rating in a report on Tuesday, September 3rd. Standpoint Research boosted their price target on Realty Income to $83.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Citigroup set a $74.00 price target on Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Finally, ValuEngine downgraded Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.22.
In related news, Director A. Larry Chapman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. Following the transaction, the director now directly owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Meurer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the transaction, the chief financial officer now directly owns 30,468 shares in the company, valued at $2,295,154.44. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
Shares of O stock traded down $0.06 during midday trading on Friday, reaching $75.56. 32,098 shares of the stock were exchanged, compared to its average volume of 1,462,416. Realty Income Corp has a 1 year low of $55.55 and a 1 year high of $76.73. The company’s 50 day moving average is $72.99 and its two-hundred day moving average is $71.16. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm has a market cap of $24.11 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 5.94 and a beta of 0.08.
Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. The firm had revenue of $365.50 million for the quarter, compared to the consensus estimate of $344.42 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts expect that Realty Income Corp will post 3.29 EPS for the current fiscal year.
The company also recently announced a sep 19 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.227 per share. The ex-dividend date is Monday, September 30th. This represents a dividend yield of 3.6%. Realty Income’s dividend payout ratio (DPR) is 85.27%.
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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