LVW Advisors LLC Acquires Shares of 39,486 Realty Income Corporation (O)

LVW Advisors LLC bought a new stake in Realty Income Corporation (NYSE:O) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 39,486 shares of the real estate investment trust’s stock, valued at approximately $2,179,000.

A number of other institutional investors have also recently made changes to their positions in O. BlackRock Inc. boosted its stake in shares of Realty Income Corporation by 2,423.9% during the 1st quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock worth $1,554,926,000 after acquiring an additional 25,085,115 shares during the period. JPMorgan Chase & Co. boosted its stake in Realty Income Corporation by 226.0% in the 1st quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock valued at $315,509,000 after purchasing an additional 3,674,028 shares during the period. Vanguard Group Inc. boosted its stake in Realty Income Corporation by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock valued at $2,737,174,000 after purchasing an additional 1,876,658 shares during the period. State Street Corp boosted its stake in Realty Income Corporation by 9.6% in the 1st quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock valued at $1,053,156,000 after purchasing an additional 1,545,797 shares during the period. Finally, APG Asset Management US Inc. boosted its stake in Realty Income Corporation by 111.1% in the 2nd quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock valued at $116,502,000 after purchasing an additional 1,111,300 shares during the period. 69.18% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the completion of the sale, the director now directly owns 20,513 shares in the company, valued at $1,153,445.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

Shares of Realty Income Corporation (NYSE:O) traded up 0.84% during trading on Friday, reaching $59.90. The company’s stock had a trading volume of 2,195,735 shares. The stock’s 50-day moving average is $57.77 and its 200-day moving average is $57.50. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.14. The stock has a market cap of $16.42 billion, a P/E ratio of 51.24 and a beta of 0.31.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. Realty Income Corporation’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. Equities research analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current fiscal year.

The company also recently announced a oct 17 dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a $0.212 dividend. This represents a yield of 4.33%. This is an increase from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date of this dividend is Friday, September 29th. Realty Income Corporation’s dividend payout ratio (DPR) is 217.09%.

O has been the subject of several recent research reports. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a report on Friday, July 14th. FBR & Co assumed coverage on Realty Income Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.24.

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About Realty Income Corporation

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.

Institutional Ownership by Quarter for Realty Income Corporation (NYSE:O)

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