The Realty Income Corp. (O) Position Maintained by Glenview State Bank Trust DEPT.

The Realty Income Corp. (O) Position Maintained by Glenview State Bank Trust DEPT.

Glenview State Bank Trust DEPT. held its stake in Realty Income Corp. (NYSE:O) during the second quarter, Holdings Channel reports. The fund owned 4,400 shares of the company’s stock at the end of the second quarter. Glenview State Bank Trust DEPT.’s holdings in Realty Income Corp. were worth $305,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of O. Rehmann Capital Advisory Group acquired a new position in shares of Realty Income Corp. during the second quarter valued at about $202,000. Stock Yards Bank & Trust Co. acquired a new position in shares of Realty Income Corp. during the second quarter valued at about $203,000. Gofen & Glossberg LLC IL acquired a new position in shares of Realty Income Corp. during the second quarter valued at about $209,000. LVM Capital Management Ltd. MI acquired a new position in shares of Realty Income Corp. during the second quarter valued at about $214,000. Finally, Cue Financial Group Inc. acquired a new position in shares of Realty Income Corp. during the second quarter valued at about $220,000. Hedge funds and other institutional investors own 70.99% of the company’s stock.

Realty Income Corp. (NYSE:O) traded down 0.83% during mid-day trading on Friday, hitting $62.19. 635,984 shares of the stock were exchanged. Realty Income Corp. has a 1-year low of $45.98 and a 1-year high of $72.30. The company has a market capitalization of $16.08 billion, a PE ratio of 57.06 and a beta of 0.33. The stock has a 50 day moving average price of $65.31 and a 200 day moving average price of $65.11.

Realty Income Corp. (NYSE:O) last released its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $260.06 million for the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, equities analysts anticipate that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.

The company also recently announced a nov 16 dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a dividend of $0.202 per share. This represents a yield of 3.93%. The ex-dividend date of this dividend is Friday, October 28th. Realty Income Corp.’s dividend payout ratio is presently 222.02%.

Several research analysts recently weighed in on O shares. Oppenheimer Holdings Inc. lifted their price objective on shares of Realty Income Corp. from $66.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Vetr raised shares of Realty Income Corp. from a “strong sell” rating to a “hold” rating and set a $71.54 price objective on the stock in a research note on Tuesday, July 12th. Wunderlich lifted their price objective on shares of Realty Income Corp. from $53.00 to $60.00 and gave the stock a “sell” rating in a research note on Monday, August 1st. Zacks Investment Research raised shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, July 27th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $66.00 price objective (up previously from $58.00) on shares of Realty Income Corp. in a research note on Monday, August 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Realty Income Corp. presently has an average rating of “Hold” and a consensus price target of $63.44.

In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total transaction of $166,700.00. Following the transaction, the director now directly owns 12,075 shares in the company, valued at approximately $805,161. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen Allen sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total value of $281,960.00. Following the transaction, the director now owns 74,000 shares in the company, valued at $5,216,260. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

About Realty Income Corp.

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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

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