Realty Income Corp (NYSE:O) CFO Paul M. Meurer sold 10,000 shares of Realty Income stock in a transaction on Monday, September 9th. The stock was sold at an average price of $75.33, for a total value of $753,300.00. Following the transaction, the chief financial officer now owns 30,468 shares in the company, valued at approximately $2,295,154.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE:O opened at $74.49 on Friday. The business has a 50-day moving average price of $72.36 and a 200 day moving average price of $71.00. 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 company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 5.91 and a beta of 0.08. Realty Income Corp has a 12-month low of $55.55 and a 12-month high of $76.73.
Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $365.50 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.34 EPS. As a group, equities research analysts predict that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.
The company also recently announced a aug 19 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be given a $0.2265 dividend. The ex-dividend date is Friday, August 30th. Realty Income’s dividend payout ratio is currently 85.27%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. Comerica Securities Inc. acquired a new position in Realty Income in the 4th quarter valued at about $219,000. Geode Capital Management LLC grew its position in Realty Income by 15.5% in the 4th quarter. Geode Capital Management LLC now owns 4,164,413 shares of the real estate investment trust’s stock valued at $262,101,000 after acquiring an additional 558,730 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Realty Income by 208.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 131,304 shares of the real estate investment trust’s stock valued at $9,660,000 after acquiring an additional 88,698 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of 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 buying an additional 268 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Realty Income by 3.0% during the first quarter. Victory Capital Management Inc. now owns 6,001 shares of the real estate investment trust’s stock worth $441,000 after buying an additional 174 shares in the last quarter. 70.76% of the stock is owned by institutional investors.
A number of analysts recently issued reports on O shares. Citigroup set a $74.00 price objective on Realty Income and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Standpoint Research raised their price objective on Realty Income to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Deutsche Bank started coverage on Realty Income in a research report on Tuesday, August 27th. They set a “hold” rating and a $73.00 price objective for the company. ValuEngine downgraded Realty Income from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.30.
About Realty Income
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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