First National Trust Co decreased its holdings in shares of Realty Income Corp (NYSE:O) by 9.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,514 shares of the real estate investment trust’s stock after selling 2,554 shares during the period. First National Trust Co’s holdings in Realty Income were worth $1,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in O. National Pension Service grew its stake in Realty Income by 13.7% in the fourth quarter. National Pension Service now owns 298,013 shares of the real estate investment trust’s stock worth $16,993,000 after purchasing an additional 35,840 shares in the last quarter. Bank of Montreal Can lifted its holdings in Realty Income by 7.8% during the fourth quarter. Bank of Montreal Can now owns 258,531 shares of the real estate investment trust’s stock worth $14,742,000 after buying an additional 18,776 shares during the period. Hexavest Inc. lifted its holdings in Realty Income by 1.6% during the fourth quarter. Hexavest Inc. now owns 1,292,818 shares of the real estate investment trust’s stock worth $73,716,000 after buying an additional 19,760 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Realty Income by 5.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 126,562 shares of the real estate investment trust’s stock worth $7,217,000 after buying an additional 6,572 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Realty Income by 16.2% during the third quarter. Parametric Portfolio Associates LLC now owns 448,710 shares of the real estate investment trust’s stock worth $25,662,000 after buying an additional 62,446 shares during the period. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

O has been the subject of a number of analyst reports. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price objective on shares of Realty Income in a report on Wednesday, November 1st. Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a report on Wednesday, November 1st. Finally, FBR & Co set a $56.00 price objective on Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $64.09.

Shares of Realty Income Corp (O) opened at $52.75 on Friday. Realty Income Corp has a twelve month low of $52.62 and a twelve month high of $63.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15,002.25, a price-to-earnings ratio of 43.24, a PEG ratio of 4.04 and a beta of 0.29.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The firm had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts expect that Realty Income Corp will post 2.89 earnings per share for the current year.

The company also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.219 dividend. This represents a dividend yield of 0.00413675859463544%. This is an increase from Realty Income’s previous feb 18 dividend of $0.21. The ex-dividend date of this dividend is Wednesday, January 31st. Realty Income’s dividend payout ratio is presently 209.02%.

In related news, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joel Tomlinson sold 1,746 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the transaction, the senior vice president now directly owns 14,913 shares in the company, valued at $841,838.85. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

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Realty Income Company Profile

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 (NYSE:O)

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