Realty Income Corp (NYSE:O) insider has recently participated in insider trading activity. CEO & Director, CEO & Director sold 25,000 shares for $ 1,493,250 via one transaction Feb 16. Following the transaction, the insider now owns 203,401shares in total, priced at $ 12295590.45 as of Thursday. Another notable insider trading was done by the same insider on Dec 29. Case John sold 15,000 shares at an average price of $ 52.01 for a total of $ 780,150. Moreover, Roy Sumit carried out a sale of 14,830 shares at $ 59.59 each on Feb 17. The transaction amounted to $ 883,720. Executive VP, GC and Secretary PFEIFFER MICHAEL R sold 10,804 shares for $ 645,647 through one transaction Feb 16. Following this sale, this insider’s stake in the company comprises 41,873 shares, priced at $ 2531222.85 as of Thursday.
The stock has experienced a total of 28 insider trades in the past three months. These trades include 16 sell activities and 12 buy trades. Furthermore, over the past 12 months, the stock was traded 57 times by insiders. In 38 of these trades, the insider was a seller while an employee of the company was the buyer in just 16 instances.
Realty Income Corp (O) on February 10, 2016 announced operating results for the fourth quarter and year ended December 31, 2015. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.
COMPANY HIGHLIGHTS:
For the year ended December 31, 2015:
- AFFO per share increased 6.6% to $2.74, compared to the year ended December 31, 2014
- Invested $1.26 billion in 286 new properties and properties under development or expansion
- For the quarter ended December 31, 2015:
- AFFO per share increased 4.6% to $0.68, compared to the quarter ended December 31, 2014
- Invested $204.2 million in 104 new properties and properties under development or expansion
- Increased the monthly dividend in December for the 83rd time and for the 73rd consecutive quarter
- In October, generated net proceeds of $517.1 million in an 11.5 million share common stock offering
Event subsequent to December 31, 2015:
- Increased annualized dividends paid per common share by 5.0% to $2.382 in February 2016 from $2.268 in February 2015
Financial Results
Revenue
Revenue for the quarter ended December 31, 2015 increased 6.5% to $263.7 million, as compared to $247.6 million for the same quarter in 2014. Revenue for 2015 increased 9.6% to $1.023 billion, as compared to $933.5 million for 2014.
Net Income Available to Common Stockholders
Net income available to common stockholders for the quarter ended December 31, 2015 was $76.2 million, as compared to $71.0 million for the same quarter in 2014. Net income per share for the quarter ended December 31, 2015 was $0.31, as compared to $0.32 for the same quarter in 2014. Net income available to common stockholders for the quarter ended December 31, 2014 was impacted by an unusually large gain on sales of real estate, which represented $0.11 per share.
Net income available to common stockholders for 2015 was $256.7 million, as compared to $227.6 million for 2014. Net income per share in 2015 was $1.09, as compared to $1.04 for 2014.
The calculation to determine net income for a real estate company includes impairments and/or gains on property sales. Impairments and/or gains on property sales vary from quarter to quarter. This variance can significantly impact net income and period to period comparisons.
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