Exxonmobil Investment Management Inc. TX cut its holdings in Realty Income Corp (NYSE:O) by 10.5% in the 4th quarter, HoldingsChannel reports. The fund owned 44,805 shares of the real estate investment trust’s stock after selling 5,245 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Realty Income were worth $2,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Realty Income by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock valued at $2,583,229,000 after purchasing an additional 834,811 shares during the period. BlackRock Inc. grew its holdings in Realty Income by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock valued at $1,497,836,000 after purchasing an additional 1,024,539 shares during the period. Northern Trust Corp grew its holdings in Realty Income by 3.6% during the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock valued at $260,344,000 after purchasing an additional 164,326 shares during the period. JPMorgan Chase & Co. grew its holdings in Realty Income by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock valued at $256,540,000 after purchasing an additional 437,803 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Realty Income by 8.0% during the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after purchasing an additional 322,239 shares during the period. 69.92% of the stock is owned by institutional investors.

Shares of Realty Income Corp (O) opened at $52.72 on Friday. The stock has a market capitalization of $14,860.00, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 4.04 and a beta of 0.29. Realty Income Corp has a 12-month low of $52.63 and a 12-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.

Realty Income (NYSE:O) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a return on equity of 4.91% and a net margin of 28.70%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. sell-side analysts forecast that Realty Income Corp will post 2.9 EPS for the current year.

The firm also recently disclosed a jan 17 dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were given a $0.2125 dividend. This represents a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, December 29th. This is an increase from Realty Income’s previous jan 17 dividend of $0.21. Realty Income’s dividend payout ratio (DPR) is 209.02%.

In related news, CFO Paul M. Meurer sold 5,603 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Several equities research analysts have issued reports on O shares. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price on the stock in a research report on Thursday, October 19th. Zacks Investment Research downgraded Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. FBR & Co set a $56.00 target price on Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial restated an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.09.

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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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