Realty Income Corporation (NYSE:O) is expected to pay $0.20 on Dec 15, 2016. The indicated annual dividend is $2.42. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Realty Income Corporation’s current price of $56.57, the dividend is 0.36%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 14, 2016. The stock increased 0.80% or $0.45 on November 25, hitting $56.57. Realty Income Corp (NYSE:O) has declined 6.22% since April 25, 2016 and is downtrending. It has underperformed by 12.23% the S&P500.
Realty Income Corporation is a real estate investment trust . The company has a market cap of $14.75 billion. The Firm 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. It has a 51.31 P/E ratio. The Company’s portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.29, from 1.35 in 2016Q1. The ratio turned negative, as 44 funds sold all Realty Income Corp shares owned while 158 reduced positions. 65 funds bought stakes while 207 increased positions. They now own 179.48 million shares or 0.49% more from 178.61 million shares in 2016Q1.
Asset Management Incorporated, a Michigan-based fund reported 30,992 shares. Sandy Spring Natl Bank has 0% invested in the company for 375 shares. Texas Permanent School Fund owns 83,586 shares or 0.08% of their US portfolio. Johnson Investment Counsel has invested 0.02% of its portfolio in Realty Income Corp (NYSE:O). Blackrock Japan Limited last reported 326,956 shares in the company. Sabal Trust Company holds 3.03% of its portfolio in Realty Income Corp (NYSE:O) for 379,046 shares. Tocqueville Asset Management Ltd Partnership last reported 0.03% of its portfolio in the stock. Fcg Advsrs Ltd Limited Liability Company has invested 0.08% of its portfolio in Realty Income Corp (NYSE:O). Provident Inv Management accumulated 0.17% or 11,975 shares. Liberty Mutual Asset Mngmt has invested 0.04% of its portfolio in Realty Income Corp (NYSE:O). Private Harbour Invest Mgmt Counsel Limited Liability Company has 0.65% invested in the company for 11,465 shares. Moreover, First Foundation Advsr has 0.06% invested in Realty Income Corp (NYSE:O) for 12,465 shares. Court Place Advsrs Ltd holds 0.23% or 5,814 shares in its portfolio. Moreover, Neuberger Berman Grp Ltd Com has 0.05% invested in Realty Income Corp (NYSE:O) for 511,481 shares. Sumitomo Mitsui Hldg holds 903,867 shares or 0.11% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 3 selling transactions for $573,207 net activity. The insider MERRIMAN RONALD sold 2,500 shares worth $166,700. McLaughlin Gregory had sold 1,950 shares worth $124,547 on Wednesday, June 15. Wenthur Cary sold 9,000 shares worth $544,860. 4,000 shares were sold by ALLEN KATHLEEN, worth $281,960.
Realty Income Corp (NYSE:O) Ratings Coverage
Out of 10 analysts covering Realty Income (NYSE:O), 4 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 40% are positive. Realty Income has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, October 29 by Stifel Nicolaus. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. The stock of Realty Income Corp (NYSE:O) earned “Hold” rating by Zacks on Tuesday, August 25. The rating was downgraded by Zacks to “Buy” on Thursday, August 20. The firm earned “Hold” rating on Tuesday, October 27 by Wunderlich. The rating was initiated by DA Davidson on Thursday, July 23 with “Neutral”. Stifel Nicolaus maintained Realty Income Corp (NYSE:O) rating on Wednesday, December 30. Stifel Nicolaus has “Buy” rating and $54.0 price target. The stock of Realty Income Corp (NYSE:O) earned “Sell” rating by Wunderlich on Monday, October 31. The firm earned “Sell” rating on Thursday, October 29 by UBS. On Tuesday, December 15 the stock rating was upgraded by Wells Fargo to “Outperform”.
More notable recent Realty Income Corp (NYSE:O) news were published by: Fool.com which released: “Better Buy: Realty Income Corp. vs National Retail Properties” on November 26, 2016, also Forbes.com with their article: “Realty Income Crosses Above Average Analyst Target” published on September 27, 2016, Forbes.com published: “3 Ignored Dividend Stocks That Crush Realty Income” on September 11, 2016. More interesting news about Realty Income Corp (NYSE:O) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Bank of New York Mellon, Realty Income and Paychex” published on October 26, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Realty Income, Texas Instruments and Waste Connections” with publication date: July 26, 2016.
O Company Profile
Realty Income Corporation, incorporated on March 25, 1997, is a real estate investment trust (REIT). The Firm 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. The Firm has approximately 4,540 properties in its portfolio, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties. The Firm has over 280 lease expirations and re-leased approximately 250 properties. It sold over 30 vacant properties.
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