Retirement Systems of Alabama increased its position in Realty Income Corporation (NYSE:O) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 132,394 shares of the real estate investment trust’s stock after buying an additional 1,346 shares during the period. Retirement Systems of Alabama’s holdings in Realty Income Corporation were worth $7,306,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Founders Capital Management bought a new stake in Realty Income Corporation during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC bought a new stake in Realty Income Corporation during the first quarter worth approximately $119,000. Bessemer Group Inc. increased its stake in Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 652 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Realty Income Corporation during the first quarter worth approximately $144,000. Finally, IHT Wealth Management LLC increased its stake in Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 143 shares in the last quarter. 68.67% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Corporation (O) opened at 57.32 on Tuesday. The firm’s 50-day moving average is $56.45 and its 200-day moving average is $57.89. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.40. The firm has a market cap of $15.71 billion, a PE ratio of 49.03 and a beta of 0.32.

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 for the quarter, meeting 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 company had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts expect that Realty Income Corporation will post $1.20 earnings per share for the current year.

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

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A number of equities analysts have issued reports on O shares. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. FBR & Co started coverage on shares of 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. BidaskClub cut shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Canaccord Genuity started coverage on shares of 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. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a research report on Friday, July 14th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.68.

In other news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the completion of the transaction, the director now owns 20,513 shares in the company, valued at approximately $1,153,445.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Realty Income Corporation 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 Corporation (NYSE:O)

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