Zurich Insurance Group Ltd FI raised its position in Realty Income Corporation (NYSE:O) by 34.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,461 shares of the real estate investment trust’s stock after buying an additional 11,540 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Realty Income Corporation were worth $2,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in O. UBS Asset Management Americas Inc. increased its holdings in Realty Income Corporation by 12.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,100,496 shares of the real estate investment trust’s stock valued at $65,513,000 after buying an additional 122,988 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Realty Income Corporation by 3.4% during the first quarter. Pacer Advisors Inc. now owns 4,516 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 148 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Realty Income Corporation by 1.4% during the first quarter. Victory Capital Management Inc. now owns 4,930 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 67 shares in the last quarter. American International Group Inc. increased its stake in shares of Realty Income Corporation by 3.1% during the first quarter. American International Group Inc. now owns 104,251 shares of the real estate investment trust’s stock worth $6,206,000 after purchasing an additional 3,176 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Realty Income Corporation by 26.0% during the first quarter. Alliancebernstein L.P. now owns 1,215,139 shares of the real estate investment trust’s stock worth $72,337,000 after purchasing an additional 250,592 shares in the last quarter. 68.98% of the stock is owned by institutional investors.

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In related news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total value of $188,320.00. Following the sale, the director now directly owns 15,986 shares of the company’s stock, valued at $940,776.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on O. Canaccord Genuity began coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target on the stock. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $52.00 to $57.00 in a research report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. BidaskClub lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Morgan Stanley boosted their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Realty Income Corporation has a consensus rating of “Hold” and a consensus target price of $64.27.

Realty Income Corporation (NYSE:O) opened at 57.03 on Friday. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 48.79 and a beta of 0.32. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $63.60. The firm has a 50-day moving average of $57.99 and a 200 day moving average of $57.36.

Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. During the same period last year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts predict that Realty Income Corporation will post $1.19 EPS for the current year.

The business also recently announced a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be given a $0.212 dividend. The ex-dividend date is Friday, September 29th. This is a boost from Realty Income Corporation’s previous oct 17 dividend of $0.21. This represents a dividend yield of 4.33%. Realty Income Corporation’s dividend payout ratio (DPR) is currently 217.09%.

Realty Income Corporation 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 Corporation (NYSE:O)

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