Fiduciary Group LLC trimmed its holdings in shares of Realty Income Corp (NYSE:O) by 13.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,477 shares of the real estate investment trust’s stock after selling 687 shares during the period. Fiduciary Group LLC’s holdings in Realty Income were worth $329,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cohen & Steers Inc. boosted its holdings in Realty Income by 190.7% during the fourth quarter. Cohen & Steers Inc. now owns 7,378,766 shares of the real estate investment trust’s stock valued at $465,157,000 after acquiring an additional 4,840,630 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Realty Income by 11,967.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,749,745 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 3,718,673 shares during the period. Ronna Sue Cohen boosted its holdings in Realty Income by 7,231.1% during the first quarter. Ronna Sue Cohen now owns 3,706,904 shares of the real estate investment trust’s stock valued at $3,707,000 after acquiring an additional 3,656,340 shares during the period. Norges Bank bought a new stake in Realty Income during the fourth quarter valued at about $171,132,000. Finally, Bank of America Corp DE boosted its holdings in Realty Income by 85.5% during the fourth quarter. Bank of America Corp DE now owns 5,672,755 shares of the real estate investment trust’s stock valued at $357,609,000 after acquiring an additional 2,613,842 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

NYSE O opened at $69.05 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35. Realty Income Corp has a twelve month low of $52.11 and a twelve month high of $74.14. The stock has a market capitalization of $21.63 billion, a P/E ratio of 21.65, a P/E/G ratio of 4.69 and a beta of 0.16.

Realty Income (NYSE:O) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.43). Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The company had revenue of $354.40 million during the quarter, compared to the consensus estimate of $335.37 million. During the same quarter in the previous year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income Corp will post 3.3 earnings per share for the current year.

The business also recently announced a may 19 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a $0.226 dividend. This represents a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, May 31st. Realty Income’s payout ratio is presently 84.95%.

O has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Capital One Financial upgraded shares of Realty Income from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 8th. Zacks Investment Research cut shares of Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Citigroup set a $70.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Tuesday, February 26th. Finally, Wells Fargo & Co upped their price target on shares of Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $61.55.

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About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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