Huntington National Bank cut its stake in Realty Income Corp (NYSE:O) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,218 shares of the real estate investment trust’s stock after selling 714 shares during the quarter. Huntington National Bank’s holdings in Realty Income were worth $6,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Realty Income by 1.2% during the third quarter. Vanguard Group Inc. now owns 45,658,463 shares of the real estate investment trust’s stock valued at $2,597,510,000 after acquiring an additional 539,460 shares during the last quarter. Vanguard Group Inc increased its position in shares of Realty Income by 1.2% during the third quarter. Vanguard Group Inc now owns 45,658,463 shares of the real estate investment trust’s stock valued at $2,597,510,000 after acquiring an additional 539,460 shares during the last quarter. BlackRock Inc. increased its position in shares of Realty Income by 6.1% during the fourth quarter. BlackRock Inc. now owns 35,007,804 shares of the real estate investment trust’s stock valued at $2,206,892,000 after acquiring an additional 2,011,652 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of 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 last quarter. Finally, Bank of America Corp DE increased its position in shares of 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 last quarter. 73.51% of the stock is owned by hedge funds and other institutional investors.

NYSE:O opened at $71.19 on Wednesday. The firm has a market cap of $21.87 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 5.27 and a beta of 0.19. Realty Income Corp has a 52-week low of $48.80 and a 52-week high of $74.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.16 and a quick ratio of 1.16.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.48. The company had revenue of $342.60 million during the quarter, compared to analyst estimates of $330.23 million. Realty Income had a return on equity of 4.78% and a net margin of 27.38%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. Equities research analysts anticipate that Realty Income Corp will post 3.27 EPS for the current year.

The company also recently declared a apr 19 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s payout ratio is 84.95%.

A number of research firms have issued reports on O. Citigroup set a $70.00 target price on Realty Income and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Capital One Financial downgraded Realty Income from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 19th. Wells Fargo & Co raised their target price on Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Zacks Investment Research raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Thursday, January 3rd. Finally, Stifel Nicolaus raised their target price on Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.83.

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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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