Stone Ridge Asset Management LLC Invests $5.01 Million in Realty Income Corp (NYSE:O)

Stone Ridge Asset Management LLC bought a new position in Realty Income Corp (NYSE:O) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 72,560 shares of the real estate investment trust’s stock, valued at approximately $5,005,000.

Several other institutional investors also recently made changes to their positions in the company. Investors Research Corp purchased a new position in Realty Income during the 1st quarter valued at $27,000. Berman Capital Advisors LLC boosted its holdings in Realty Income by 62.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Realty Income by 245.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 268 shares during the period. Weaver Consulting Group purchased a new position in Realty Income during the 2nd quarter valued at $29,000. Finally, Liberty Wealth Management LLC boosted its holdings in Realty Income by 102.7% during the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

A number of brokerages have weighed in on O. Zacks Investment Research lowered Realty Income from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Morgan Stanley lifted their target price on Realty Income from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Capital One Financial raised Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th. Citigroup set a $74.00 target price on Realty Income and gave the company a “hold” rating in a research report on Tuesday, June 11th. Finally, ValuEngine lowered Realty Income from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $66.89.

NYSE O traded down $0.57 on Friday, reaching $72.50. 932,163 shares of the stock traded hands, compared to its average volume of 1,530,410. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.23. The company has a fifty day moving average price of $70.72 and a 200-day moving average price of $70.57. The company has a market cap of $23.12 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 6.02 and a beta of 0.12. Realty Income Corp has a 12 month low of $55.55 and a 12 month high of $74.14.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. The business had revenue of $365.50 million during the quarter, compared to analyst estimates of $344.42 million. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. Realty Income’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. As a group, research analysts anticipate that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.

The business also recently declared a aug 19 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be given a $0.2265 dividend. The ex-dividend date is Friday, August 30th. Realty Income’s payout ratio is 85.27%.

In other news, EVP Michael R. Pfeiffer sold 10,829 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $69.83, for a total value of $756,189.07. Following the completion of the transaction, the executive vice president now directly owns 29,163 shares of the company’s stock, valued at approximately $2,036,452.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

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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