Wolverine Asset Management LLC Purchases Shares of 6,104 Realty Income Corp (O)

Wolverine Asset Management LLC bought a new stake in shares of Realty Income Corp (NYSE:O) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,104 shares of the real estate investment trust’s stock, valued at approximately $328,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Realty Income by 4.6% in the 2nd quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock worth $1,630,791,000 after buying an additional 1,341,367 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Realty Income by 1,361.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 817,666 shares of the real estate investment trust’s stock worth $43,983,000 after acquiring an additional 761,717 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of Realty Income by 11.1% in the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 2,290,304 shares of the real estate investment trust’s stock worth $123,195,000 after acquiring an additional 228,943 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Realty Income by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,111,612 shares of the real estate investment trust’s stock worth $212,694,000 after acquiring an additional 199,866 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Realty Income by 3.8% in the 1st quarter. Northern Trust Corp now owns 5,236,142 shares of the real estate investment trust’s stock worth $270,866,000 after acquiring an additional 192,423 shares during the last quarter. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO John Case sold 35,000 shares of Realty Income stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.70, for a total transaction of $2,019,500.00. Following the completion of the sale, the chief executive officer now owns 158,961 shares of the company’s stock, valued at $9,172,049.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of Realty Income stock in a transaction on Friday, August 24th. The shares were sold at an average price of $58.56, for a total value of $527,040.00. Following the sale, the director now directly owns 18,757 shares of the company’s stock, valued at approximately $1,098,409.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,067 shares of company stock valued at $5,142,150. Insiders own 0.20% of the company’s stock.

A number of brokerages recently issued reports on O. Janney Montgomery Scott cut Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Wednesday, August 29th. They noted that the move was a valuation call. Wells Fargo & Co set a $65.00 target price on Realty Income and gave the stock a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research cut Realty Income from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, September 17th. Finally, Morgan Stanley cut Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price on the stock. in a report on Monday, October 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.47.

Shares of O stock opened at $58.08 on Tuesday. The firm has a market cap of $16.50 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 4.04 and a beta of 0.11. Realty Income Corp has a 1-year low of $47.25 and a 1-year high of $59.24. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). The firm had revenue of $328.90 million for the quarter, compared to analyst estimates of $311.95 million. Realty Income had a net margin of 25.96% and a return on equity of 5.05%. Realty Income’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. On average, equities research analysts anticipate that Realty Income Corp will post 3.18 EPS for the current year.

The company also recently disclosed a oct 18 dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be given a dividend of $0.2205 per share. This is a boost from Realty Income’s previous oct 18 dividend of $0.22. The ex-dividend date is Friday, September 28th. This represents a yield of 4.62%. Realty Income’s dividend payout ratio (DPR) is presently 86.60%.

Realty Income Company 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 5,400 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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