Ronna Sue Cohen increased its holdings in shares of Realty Income Corp (NYSE:O) by 7,231.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,706,904 shares of the real estate investment trust’s stock after acquiring an additional 3,656,340 shares during the period. Realty Income comprises about 2.5% of Ronna Sue Cohen’s investment portfolio, making the stock its 8th biggest position. Ronna Sue Cohen’s holdings in Realty Income were worth $3,707,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY lifted its holdings in Realty Income by 12.3% during the 1st quarter. Spirit of America Management Corp NY now owns 12,780 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 1,400 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in Realty Income during the 1st quarter valued at about $54,000. BTIM Corp. lifted its holdings in Realty Income by 8.0% during the 1st quarter. BTIM Corp. now owns 81,040 shares of the real estate investment trust’s stock valued at $5,961,000 after purchasing an additional 6,000 shares during the last quarter. Leavell Investment Management Inc. bought a new position in Realty Income during the 1st quarter valued at about $227,000. Finally, Spectrum Management Group Inc. lifted its holdings in Realty Income by 3.4% during the 1st quarter. Spectrum Management Group Inc. now owns 24,765 shares of the real estate investment trust’s stock valued at $1,822,000 after purchasing an additional 815 shares during the last quarter. Institutional investors and hedge funds own 73.52% of the company’s stock.

Shares of NYSE O traded down $1.30 during trading on Wednesday, reaching $68.05. The company had a trading volume of 1,410,647 shares, compared to its average volume of 1,723,642. Realty Income Corp has a 52 week low of $48.80 and a 52 week high of $74.14. The company has a market cap of $20.83 billion, a PE ratio of 21.33, a P/E/G ratio of 5.20 and a beta of 0.19. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.48. The company had revenue of $342.60 million during the quarter, compared to the consensus estimate of $330.23 million. Realty Income had a net margin of 27.38% and a return on equity of 4.78%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, equities research analysts forecast that Realty Income Corp will post 3.27 earnings per share for the current year.

The firm also recently declared a may 19 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is 84.95%.

A number of equities analysts have weighed in on O shares. Zacks Investment Research raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Thursday, January 3rd. Stifel Nicolaus boosted their target price on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Citigroup set a $70.00 target price on shares of Realty Income and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Wells Fargo & Co boosted their target price on shares of Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. They noted that the move was a valuation call. Finally, Capital One Financial downgraded shares of Realty Income from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $61.83.

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About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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