Pictet Asset Management Ltd. lowered its position in Realty Income Corporation (NYSE:O) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 134,000 shares of the real estate investment trust’s stock after selling 6,400 shares during the period. Pictet Asset Management Ltd.’s holdings in Realty Income Corporation were worth $7,361,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FCG Advisors LLC increased its stake in shares of Realty Income Corporation by 0.5% in the first quarter. FCG Advisors LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 17 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Realty Income Corporation by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 3,755 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 26 shares during the period. Bennicas & Associates Inc. increased its stake in shares of Realty Income Corporation by 0.6% in the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 33 shares during the period. RiverPoint Capital Management LLC increased its stake in shares of Realty Income Corporation by 0.9% in the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 34 shares during the period. Finally, Financial Advisors Network Inc. increased its stake in shares of Realty Income Corporation by 0.4% in the first quarter. Financial Advisors Network Inc. now owns 14,582 shares of the real estate investment trust’s stock valued at $797,000 after buying an additional 56 shares during the period. 68.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Realty Income Corporation (O) opened at 56.97 on Wednesday. The firm has a market cap of $15.61 billion, a P/E ratio of 48.73 and a beta of 0.32. The stock’s 50 day moving average is $56.47 and its 200-day moving average is $57.87. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.40.

Realty Income Corporation (NYSE:O) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. During the same period in the previous year, the company earned $0.70 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts anticipate that Realty Income Corporation will post $1.20 earnings per share for the current fiscal year.

The firm also recently declared a aug 17 dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a $0.2115 dividend. This represents a yield of 4.63%. The ex-dividend date of this dividend was Friday, July 28th. Realty Income Corporation’s dividend payout ratio is currently 217.09%.

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Several analysts have issued reports on the stock. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. FBR & Co assumed coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective for the company. BidaskClub downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research report on Friday, July 14th. Four research 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 company currently has a consensus rating of “Hold” and a consensus price target of $63.68.

In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the transaction, the director now directly owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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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