B. Riley Financial Inc. Takes $468,000 Position in Realty Income Corporation (O)
B. Riley Financial Inc. bought a new stake in shares of Realty Income Corporation (NYSE:O) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,184 shares of the real estate investment trust’s stock, valued at approximately $468,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. San Francisco Sentry Investment Group CA increased its holdings in Realty Income by 500.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 1,500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Realty Income by 314.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,462 shares in the last quarter. Bessemer Group Inc. increased its holdings in Realty Income by 42.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in Realty Income in the 3rd quarter worth $137,000. Finally, Parallel Advisors LLC increased its holdings in Realty Income by 2.9% in the 2nd quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 87 shares in the last quarter. 70.04% of the stock is owned by institutional investors.
Realty Income Corporation (NYSE:O) traded down $0.12 during trading on Wednesday, hitting $55.22. 1,735,900 shares of the stock were exchanged, compared to its average volume of 1,753,224. Realty Income Corporation has a fifty-two week low of $52.85 and a fifty-two week high of $63.60. The stock has a market capitalization of $15,594.00, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 4.54 and a beta of 0.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.
Realty Income (NYSE:O) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. equities analysts expect that Realty Income Corporation will post 2.98 EPS for the current fiscal year.
The company also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 4.49%. Realty Income’s payout ratio is 208.20%.
A number of equities research analysts have recently issued reports on the stock. UBS raised shares of Realty Income from a “sell” rating to a “neutral” rating and upped their target price for the stock from $52.00 to $57.00 in a report on Friday, September 8th. B. Riley set a $56.00 target price on shares of Realty Income and gave the stock a “hold” rating in a report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 target price on shares of Realty Income in a report on Wednesday, November 1st. FBR & Co set a $56.00 target price on shares of Realty Income and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Realty Income currently has an average rating of “Hold” and an average price target of $64.09.
In other news, SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $56.45, for a total transaction of $98,561.70. Following the transaction, the senior vice president now owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at approximately $940,776.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,549 shares of company stock worth $593,646. Corporate insiders own 0.30% of the company’s stock.
Realty Income Company Profile
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. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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