Rench Wealth Management Inc. boosted its position in Realty Income Corporation (NYSE:O) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,151 shares of the real estate investment trust’s stock after purchasing an additional 762 shares during the quarter. Realty Income Corporation comprises about 3.9% of Rench Wealth Management Inc.’s portfolio, making the stock its 4th biggest holding. Rench Wealth Management Inc.’s holdings in Realty Income Corporation were worth $5,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. lifted its position in shares of Realty Income Corporation by 12.6% during the 1st 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 acquiring an additional 122,988 shares during the period. Karp Capital Management Corp bought a new stake in shares of Realty Income Corporation during the 1st quarter valued at $3,503,000. TD Asset Management Inc. lifted its position in shares of Realty Income Corporation by 4.8% during the 1st quarter. TD Asset Management Inc. now owns 98,369 shares of the real estate investment trust’s stock valued at $5,856,000 after acquiring an additional 4,480 shares during the period. State of Wisconsin Investment Board lifted its position in shares of Realty Income Corporation by 15.6% during the 1st 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 acquiring an additional 35,053 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in shares of Realty Income Corporation by 13.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 33,098 shares of the real estate investment trust’s stock valued at $1,970,000 after acquiring an additional 3,966 shares during the period. Institutional investors and hedge funds own 68.97% of the company’s stock.

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A number of research firms have recently weighed in on O. UBS AG upgraded Realty Income Corporation from a “sell” rating to a “neutral” rating and upped their target price for the company from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Canaccord Genuity began coverage on Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 target price for the company. Morgan Stanley upped their target price on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Finally, FBR & Co began coverage on Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 target price for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.24.

Realty Income Corporation (NYSE:O) traded up 0.03% during trading on Thursday, hitting $58.36. The stock had a trading volume of 283,324 shares. The company has a 50-day moving average of $57.88 and a 200-day moving average of $57.43. The stock has a market capitalization of $16.00 billion, a P/E ratio of 49.92 and a beta of 0.31. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $69.14.

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

The firm also recently disclosed a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a dividend of $0.212 per share. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date of this dividend is Friday, September 29th. This represents a 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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