Point72 Hong Kong Ltd Has $1.36 Million Stake in Realty Income Corp (NYSE:O)

Point72 Hong Kong Ltd grew its holdings in shares of Realty Income Corp (NYSE:O) by 164.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,717 shares of the real estate investment trust’s stock after acquiring an additional 12,271 shares during the quarter. Realty Income accounts for approximately 0.4% of Point72 Hong Kong Ltd’s investment portfolio, making the stock its 26th largest position. Point72 Hong Kong Ltd’s holdings in Realty Income were worth $1,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Realty Income by 4.2% during the second quarter. Vanguard Group Inc. now owns 50,385,673 shares of the real estate investment trust’s stock worth $3,475,100,000 after purchasing an additional 2,012,975 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Realty Income by 115.0% in the first quarter. Centersquare Investment Management LLC now owns 1,784,323 shares of the real estate investment trust’s stock valued at $131,255,000 after acquiring an additional 954,522 shares during the last quarter. FMR LLC boosted its holdings in Realty Income by 151.2% in the first quarter. FMR LLC now owns 812,387 shares of the real estate investment trust’s stock valued at $59,760,000 after acquiring an additional 488,931 shares during the last quarter. Northern Trust Corp boosted its holdings in Realty Income by 5.2% in the second quarter. Northern Trust Corp now owns 5,466,940 shares of the real estate investment trust’s stock valued at $377,055,000 after acquiring an additional 268,914 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Realty Income by 15.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,627,444 shares of the real estate investment trust’s stock valued at $112,245,000 after acquiring an additional 214,734 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

O traded up $0.27 during trading on Friday, hitting $75.89. The company’s stock had a trading volume of 2,943,004 shares, compared to its average volume of 1,490,868. Realty Income Corp has a twelve month low of $55.55 and a twelve month high of $76.73. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average price is $73.13 and its 200-day moving average price is $71.20. The firm has a market capitalization of $24.15 billion, a P/E ratio of 23.79, a PEG ratio of 5.91 and a beta of 0.08.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $344.42 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Realty Income Corp will post 3.29 EPS for the current fiscal year.

The firm also recently declared a sep 19 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $0.227 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend is Monday, September 30th. Realty Income’s dividend payout ratio (DPR) is presently 85.27%.

In other 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 transaction of $600,720.00. Following the transaction, the director now directly owns 14,757 shares of the company’s stock, valued at $1,108,103.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Meurer sold 10,000 shares of the company’s stock in a transaction that occurred 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 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 insiders.

Several brokerages recently commented on O. Citigroup set a $74.00 target price on Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Deutsche Bank began coverage on Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 target price on the stock. ValuEngine cut Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley upped their target price on Realty Income from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Standpoint Research upped their target price on Realty Income to $83.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Realty Income has a consensus rating of “Hold” and a consensus target price of $74.22.

Realty Income 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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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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