Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Realty Income Corp (NYSE:O) by 44.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,166 shares of the real estate investment trust’s stock after purchasing an additional 43,570 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Realty Income were worth $7,647,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. bought a new stake in Realty Income in the first quarter valued at approximately $111,000. Clarus Wealth Advisors bought a new stake in Realty Income in the second quarter valued at approximately $114,000. Centaurus Financial Inc. bought a new stake in Realty Income in the first quarter valued at approximately $125,000. Perigon Wealth Management LLC raised its stake in Realty Income by 135.7% in the first quarter. Perigon Wealth Management LLC now owns 2,659 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 1,531 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in Realty Income in the second quarter valued at approximately $179,000. 68.52% of the stock is owned by hedge funds and other institutional investors.
In other Realty Income news, EVP Michael R. Pfeiffer sold 10,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.63, for a total transaction of $576,300.00. Following the transaction, the executive vice president now owns 37,655 shares in the company, valued at approximately $2,170,057.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John Case sold 35,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.70, for a total value of $2,019,500.00. Following the transaction, the chief executive officer now owns 158,961 shares in the company, valued at approximately $9,172,049.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,967 shares of company stock worth $4,645,510. Corporate insiders own 0.20% of the company’s stock.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.45). The firm had revenue of $328.90 million for the quarter, compared to the consensus estimate of $311.95 million. Realty Income had a return on equity of 5.05% and a net margin of 25.96%. Realty Income’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. equities research analysts predict that Realty Income Corp will post 3.18 earnings per share for the current year.
The business also recently disclosed a aug 18 dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, July 31st. This represents a yield of 4.73%. Realty Income’s dividend payout ratio (DPR) is presently 86.27%.
O has been the topic of several research analyst reports. Mitsubishi UFJ Financial Group upgraded Realty Income from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $54.00 to $62.00 in a research note on Tuesday, July 10th. ValuEngine upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. DA Davidson set a $65.00 target price on Realty Income and gave the stock a “buy” rating in a research note on Thursday, May 10th. Finally, Bank of America increased their target price on Realty Income from $53.50 to $57.50 and gave the stock a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Realty Income has a consensus rating of “Hold” and an average price target of $58.90.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company<sup>®</sup>, 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 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
See Also: Fundamental Analysis
Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp (NYSE:O).
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.