Sigma Planning Corp boosted its position in Realty Income Corporation (NYSE:O) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,735 shares of the real estate investment trust’s stock after buying an additional 3,106 shares during the period. Sigma Planning Corp’s holdings in Realty Income Corporation were worth $2,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. DnB Asset Management AS raised its position in shares of Realty Income Corporation by 26.5% in the first quarter. DnB Asset Management AS now owns 27,200 shares of the real estate investment trust’s stock worth $1,619,000 after buying an additional 5,700 shares during the period. First Trust Advisors LP raised its position in shares of Realty Income Corporation by 16.1% in the first quarter. First Trust Advisors LP now owns 411,419 shares of the real estate investment trust’s stock worth $24,492,000 after buying an additional 57,127 shares during the period. Lockheed Martin Investment Management Co. bought a new position in shares of Realty Income Corporation during the first quarter valued at $1,173,000. Cibc World Markets Corp raised its position in shares of Realty Income Corporation by 24.7% in the first quarter. Cibc World Markets Corp now owns 53,331 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 10,571 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of Realty Income Corporation by 15.6% in the first 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 buying an additional 35,053 shares during the last quarter. Institutional investors and hedge funds own 68.74% of the company’s stock.

Shares of Realty Income Corporation (O) opened at 56.48 on Friday. Realty Income Corporation has a 52-week low of $52.72 and a 52-week high of $69.14. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 48.31 and a beta of 0.32. The stock has a 50 day moving average of $56.39 and a 200 day moving average of $57.94.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings data 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. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, analysts predict that Realty Income Corporation will post $1.20 EPS for the current fiscal 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 paid a $0.2115 dividend. The ex-dividend date is Friday, July 28th. This represents a dividend yield of 4.63%. Realty Income Corporation’s dividend payout ratio is currently 217.09%.

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Several research analysts have weighed in on O shares. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Morgan Stanley upped their target price 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. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. 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 on the stock. Finally, 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 on the stock. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Realty Income Corporation presently has a consensus rating of “Hold” and an average price target of $63.68.

In other news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the transaction, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

About Realty Income Corporation

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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