Pointe Capital Management LLC purchased a new stake in Realty Income Corporation (NYSE:O) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,000 shares of the real estate investment trust’s stock, valued at approximately $276,000.

A number of other institutional investors have also modified their holdings of the company. DnB Asset Management AS raised its stake in Realty Income Corporation by 26.5% in the first quarter. DnB Asset Management AS now owns 27,200 shares of the real estate investment trust’s stock valued at $1,619,000 after buying an additional 5,700 shares in the last quarter. First Trust Advisors LP raised its stake in Realty Income Corporation by 16.1% in the first quarter. First Trust Advisors LP now owns 411,419 shares of the real estate investment trust’s stock valued at $24,492,000 after buying an additional 57,127 shares in the last quarter. Lockheed Martin Investment Management Co. bought a new stake in Realty Income Corporation during the first quarter valued at approximately $1,173,000. Cibc World Markets Corp raised its stake in Realty Income Corporation by 24.7% in the first quarter. Cibc World Markets Corp now owns 53,331 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 10,571 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its stake in Realty Income Corporation by 15.6% in the first quarter. State of Wisconsin Investment Board now owns 260,235 shares of the real estate investment trust’s stock valued at $15,492,000 after buying an additional 35,053 shares in the last quarter. Institutional investors own 68.74% of the company’s stock.

Realty Income Corporation (NYSE O) opened at 57.02 on Friday. The stock’s 50 day moving average price is $56.35 and its 200-day moving average price is $57.96. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.40. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 48.78 and a beta of 0.32.

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

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

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Several equities research analysts have commented on O shares. Zacks Investment Research lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Morgan Stanley upped their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. FBR & Co started coverage on Realty Income Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective on the stock. Finally, Canaccord Genuity started coverage on Realty Income Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.68.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $56.23, for a total transaction of $449,840.00. Following the transaction, the director now owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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