Standard Life Investments LTD acquired a new position in shares of Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 536,674 shares of the real estate investment trust’s stock, valued at approximately $29,611,000. Standard Life Investments LTD owned approximately 0.20% of Realty Income Corporation as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in O. Norinchukin Bank The boosted its stake in shares of Realty Income Corporation by 7.6% in the 2nd quarter. Norinchukin Bank The now owns 18,950 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 1,332 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Realty Income Corporation by 3.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock valued at $124,609,000 after purchasing an additional 76,311 shares in the last quarter. Associated Banc Corp boosted its stake in shares of Realty Income Corporation by 11.3% in the 2nd quarter. Associated Banc Corp now owns 16,300 shares of the real estate investment trust’s stock valued at $900,000 after purchasing an additional 1,650 shares in the last quarter. Columbia Asset Management acquired a new stake in shares of Realty Income Corporation in the 2nd quarter valued at approximately $202,000. Finally, LVW Advisors LLC acquired a new stake in shares of Realty Income Corporation in the 2nd quarter valued at approximately $2,179,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.

O has been the topic of a number of research analyst reports. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and raised their price target for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price target on shares of Realty Income Corporation in a research note on Friday, July 14th. BidaskClub downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.24.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Realty Income Corporation (O) traded down 0.40% on Friday, reaching $59.16. 545,056 shares of the company’s stock traded hands. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.14. The firm’s 50-day moving average is $57.71 and its 200 day moving average is $57.52. The firm has a market cap of $16.21 billion, a PE ratio of 50.61 and a beta of 0.31.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. 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 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Equities analysts predict that Realty Income Corporation will post $1.19 EPS for the current year.

The firm also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a $0.212 dividend. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date is Friday, September 29th. This represents a yield of 4.33%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.

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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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