Meridian Wealth Management LLC purchased a new position in Realty Income Corp (NYSE:O) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,682 shares of the real estate investment trust’s stock, valued at approximately $116,000.
A number of other institutional investors and hedge funds also recently modified their holdings of O. Northern Trust Corp increased its stake in Realty Income by 4.4% in the first quarter. Northern Trust Corp now owns 5,198,026 shares of the real estate investment trust’s stock worth $382,366,000 after purchasing an additional 216,870 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Realty Income by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,404,024 shares of the real estate investment trust’s stock valued at $277,633,000 after buying an additional 113,670 shares during the period. Geode Capital Management LLC increased its stake in shares of Realty Income by 15.5% during the fourth 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 buying an additional 558,730 shares during the period. Ronna Sue Cohen increased its stake in shares of Realty Income by 7,231.1% during the first quarter. Ronna Sue Cohen now owns 3,706,904 shares of the real estate investment trust’s stock valued at $3,707,000 after buying an additional 3,656,340 shares during the period. Finally, Norges Bank purchased a new position in shares of Realty Income during the fourth quarter valued at $171,132,000. Institutional investors own 68.96% of the company’s stock.
In other Realty Income news, EVP Benjamin N. Fox sold 2,631 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 12,812 shares of the company’s stock, valued at $905,808.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael R. Pfeiffer sold 10,829 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $69.83, for a total value of $756,189.07. Following the completion of the transaction, the executive vice president now directly owns 29,163 shares of the company’s stock, valued at $2,036,452.29. The disclosure for this sale can be found here. Insiders have sold 19,460 shares of company stock valued at $1,366,521 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.
Shares of Realty Income stock traded down $0.09 on Wednesday, reaching $69.93. 244,045 shares of the stock were exchanged, compared to its average volume of 1,319,076. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35. Realty Income Corp has a twelve month low of $55.01 and a twelve month high of $74.14. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 5.31 and a beta of 0.13. The company has a 50 day simple moving average of $70.57.
Realty Income (NYSE:O) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.43). Realty Income had a return on equity of 7.65% and a net margin of 28.70%. The firm had revenue of $354.40 million for the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, 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 Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.2265 per share. The ex-dividend date is Wednesday, July 31st. Realty Income’s dividend payout ratio (DPR) is 85.27%.
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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