KBC Group NV raised its stake in Realty Income Corporation (NYSE:O) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,165 shares of the real estate investment trust’s stock after purchasing an additional 3,082 shares during the quarter. KBC Group NV’s holdings in Realty Income were worth $2,182,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Realty Income by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,774,476 shares of the real estate investment trust’s stock valued at $215,866,000 after buying an additional 81,691 shares during the period. Sun Life Financial INC lifted its holdings in shares of Realty Income by 71.5% in the 3rd quarter. Sun Life Financial INC now owns 10,058 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 4,192 shares during the period. BB&T Securities LLC lifted its holdings in shares of Realty Income by 3.7% in the 3rd quarter. BB&T Securities LLC now owns 194,681 shares of the real estate investment trust’s stock valued at $11,133,000 after buying an additional 6,960 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Realty Income by 3.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 990,574 shares of the real estate investment trust’s stock valued at $56,651,000 after buying an additional 31,034 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Realty Income by 5.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 698,690 shares of the real estate investment trust’s stock valued at $39,958,000 after buying an additional 34,478 shares during the period. Institutional investors own 70.04% of the company’s stock.

Shares of Realty Income Corporation (NYSE O) traded up $0.75 during mid-day trading on Monday, reaching $55.58. The company had a trading volume of 1,357,100 shares, compared to its average volume of 1,753,333. The firm has a market capitalization of $15,661.63, a PE ratio of 18.16, a PEG ratio of 4.56 and a beta of 0.29. Realty Income Corporation has a 52-week low of $52.85 and a 52-week high of $63.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. Realty Income’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. sell-side analysts anticipate that Realty Income Corporation will post 2.98 EPS for the current year.

The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 4.49%. Realty Income’s dividend payout ratio is presently 208.20%.

Several analysts have recently commented on O shares. UBS raised Realty Income from a “sell” rating to a “neutral” rating and raised their price target for the company from $52.00 to $57.00 in a report on Friday, September 8th. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a report on Thursday, October 19th. Zacks Investment Research cut Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. FBR & Co set a $56.00 price target on Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $64.09.

In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the transaction, the director now directly owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,549 shares of company stock valued at $593,646. 0.30% of the stock is currently owned by insiders.

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About Realty Income

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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