Cigna Investments Inc. New cut its stake in Realty Income Corporation (NYSE:O) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,484 shares of the real estate investment trust’s stock after selling 478 shares during the period. Cigna Investments Inc. New’s holdings in Realty Income Corporation were worth $581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. BlackRock Inc. increased its position in shares of Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock worth $1,554,926,000 after buying an additional 25,085,115 shares during the period. JPMorgan Chase & Co. increased its position in shares of Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock worth $315,509,000 after buying an additional 3,674,028 shares during the period. Vanguard Group Inc. increased its position in shares of Realty Income Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock worth $2,737,174,000 after buying an additional 1,876,658 shares during the period. State Street Corp increased its position in shares of Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after buying an additional 1,545,797 shares during the period. Finally, APG Asset Management US Inc. increased its position in shares of Realty Income Corporation by 111.1% in the second quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock worth $116,502,000 after buying an additional 1,111,300 shares during the period. Hedge funds and other institutional investors own 68.67% of the company’s stock.

Realty Income Corporation (NYSE:O) opened at 57.32 on Tuesday. The company has a market capitalization of $15.71 billion, a P/E ratio of 49.03 and a beta of 0.32. The firm has a 50-day moving average of $56.45 and a 200 day moving average of $57.89. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.40.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. During the same period in the previous year, the business posted $0.70 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post $1.20 earnings per share for the current fiscal year.

The firm also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.2115 per share. This represents a yield of 4.63%. The ex-dividend date of this dividend is Friday, July 28th. Realty Income Corporation’s payout ratio is 217.09%.

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A number of research analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Realty Income Corporation in a research report on Friday, July 14th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective on the stock. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, FBR & Co assumed coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Realty Income Corporation currently has an average rating of “Hold” and a consensus target price of $63.68.

In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction that occurred 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 approximately $1,153,445.99. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.

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

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