First Bank & Trust Buys 285 Shares of Realty Income Corp (NYSE:O)

First Bank & Trust raised its stake in Realty Income Corp (NYSE:O) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,096 shares of the real estate investment trust’s stock after buying an additional 285 shares during the period. First Bank & Trust’s holdings in Realty Income were worth $696,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Investors Research Corp purchased a new stake in shares of Realty Income in the 1st quarter valued at $27,000. Cornerstone Advisors Inc. boosted its stake in shares of Realty Income by 245.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 268 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of Realty Income by 900.0% in the 1st quarter. Cascade Investment Advisors Inc. now owns 400 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. Somerset Trust Co boosted its stake in shares of Realty Income by 192.3% in the 1st quarter. Somerset Trust Co now owns 456 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. Finally, Asset Dedication LLC boosted its stake in shares of Realty Income by 182.7% in the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 316 shares in the last quarter. 69.03% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Ronald Merriman sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $70.72, for a total value of $424,320.00. Following the completion of the sale, the director now directly owns 18,075 shares of the company’s stock, valued at approximately $1,278,264. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Benjamin N. Fox sold 2,631 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $70.70, for a total transaction of $186,011.70. Following the completion of the sale, the executive vice president now directly owns 12,812 shares of the company’s stock, valued at $905,808.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,460 shares of company stock valued at $1,366,521 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Shares of O opened at $69.87 on Wednesday. The stock has a market cap of $22.17 billion, a PE ratio of 21.90, a P/E/G ratio of 5.35 and a beta of 0.12. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $70.13. Realty Income Corp has a twelve month low of $55.55 and a twelve month high of $74.14.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $344.42 million. Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. On average, analysts predict that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.

The company also recently declared a aug 19 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.2265 per share. The ex-dividend date is Wednesday, July 31st. Realty Income’s payout ratio is currently 85.27%.

A number of brokerages have recently issued reports on O. ValuEngine cut shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley upped their price objective on shares of Realty Income from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Zacks Investment Research cut shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Citigroup set a $74.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, June 11th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Realty Income has an average rating of “Hold” and a consensus price target of $66.00.

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 5,700 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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