Realty Income Corp. (O) Plans $0.20 Nov 16 Dividend
Realty Income Corp. (NYSE:O) announced a nov 16 dividend on Tuesday, October 11th. Stockholders of record on Tuesday, November 1st will be paid a dividend of 0.202 per share on Tuesday, November 15th. The ex-dividend date of this dividend is Friday, October 28th.
Shares of Realty Income Corp. (NYSE:O) traded down 2.09% during midday trading on Tuesday, hitting $60.81. The stock had a trading volume of 1,705,030 shares. The company’s 50 day moving average is $65.77 and its 200 day moving average is $65.18. The firm has a market cap of $15.72 billion, a P/E ratio of 55.79 and a beta of 0.33. Realty Income Corp. has a 52 week low of $45.98 and a 52 week high of $72.30.
Realty Income Corp. (NYSE:O) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by $0.02. The company earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. On average, equities analysts predict that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.
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O has been the subject of several recent analyst reports. Vetr raised Realty Income Corp. from a “strong sell” rating to a “strong-buy” rating and set a $84.79 target price for the company in a research note on Tuesday, August 2nd. Royal Bank Of Canada raised their target price on Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. BTIG Research initiated coverage on Realty Income Corp. in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research cut Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Stifel Nicolaus raised their target price on Realty Income Corp. from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Realty Income Corp. presently has an average rating of “Hold” and a consensus price target of $63.32.
In related news, Director Kathleen Allen sold 4,000 shares of Realty Income Corp. stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the sale, the director now directly owns 74,000 shares in the company, valued at $5,216,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald Merriman sold 2,500 shares of Realty Income Corp. stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total value of $166,700.00. Following the sale, the director now owns 12,075 shares in the company, valued at $805,161. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Invictus RG purchased a new stake in Realty Income Corp. during the second quarter worth about $105,000. Redmond Asset Management LLC bought a new position in shares of Realty Income Corp. during the second quarter valued at $212,000. National Asset Management Inc. bought a new position in shares of Realty Income Corp. during the second quarter valued at $215,000. Mariner Wealth Advisors LLC bought a new position in shares of Realty Income Corp. during the second quarter valued at $223,000. Finally, Sawtooth Asset Management Inc. bought a new position in shares of Realty Income Corp. during the second quarter valued at $229,000. 70.99% of the stock is owned by institutional investors and hedge funds.
About Realty Income Corp.
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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