OppenheimerFunds Inc. increased its position in shares of Realty Income Corp (NYSE:O) by 6.8% during the second quarter, HoldingsChannel.com reports. The fund owned 40,941 shares of the real estate investment trust’s stock after acquiring an additional 2,595 shares during the quarter. OppenheimerFunds Inc.’s holdings in Realty Income were worth $2,202,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in O. Waters Parkerson & CO. LLC increased its stake in Realty Income by 36.4% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 125,465 shares of the real estate investment trust’s stock worth $6,749,000 after purchasing an additional 33,475 shares in the last quarter. Van ECK Associates Corp purchased a new position in Realty Income in the 2nd quarter worth about $3,213,000. Baird Financial Group Inc. increased its stake in Realty Income by 52.3% in the 2nd quarter. Baird Financial Group Inc. now owns 20,766 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 7,130 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Realty Income by 5.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 31,072 shares of the real estate investment trust’s stock worth $1,671,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Korea Investment CORP increased its stake in Realty Income by 25.6% in the 2nd quarter. Korea Investment CORP now owns 36,337 shares of the real estate investment trust’s stock worth $1,955,000 after purchasing an additional 7,400 shares in the last quarter. 68.17% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Gregory Mclaughlin sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $58.00, for a total value of $179,800.00. Following the completion of the sale, the director now directly owns 16,886 shares in the company, valued at approximately $979,388. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $58.56, for a total value of $527,040.00. Following the completion of the sale, the director now owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,067 shares of company stock valued at $5,142,150. 0.20% of the stock is owned by corporate insiders.

Shares of Realty Income stock opened at $56.99 on Monday. The stock has a market cap of $16.53 billion, a PE ratio of 18.62, a PEG ratio of 4.04 and a beta of 0.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $59.24.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.45). The firm had revenue of $328.90 million for the quarter, compared to analyst estimates of $311.95 million. Realty Income had a net margin of 25.96% and a return on equity of 5.05%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. equities analysts expect that Realty Income Corp will post 3.18 earnings per share for the current fiscal year.

The company also recently declared a oct 18 dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be issued a dividend of $0.2205 per share. This represents a dividend yield of 4.62%. This is a positive change from Realty Income’s previous oct 18 dividend of $0.22. The ex-dividend date of this dividend is Friday, September 28th. Realty Income’s payout ratio is currently 86.27%.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 17th. Wells Fargo & Co set a $65.00 target price on Realty Income and gave the company a “buy” rating in a research note on Tuesday, September 4th. Mitsubishi UFJ Financial Group raised Realty Income from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $54.00 to $62.00 in a research note on Tuesday, July 10th. Janney Montgomery Scott cut Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Finally, ValuEngine cut Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $58.19.

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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Recommended Story: Stop Order

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp (NYSE:O).

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

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.