Bank of New York Mellon Corp boosted its stake in shares of Realty Income Corp. (NYSE:O) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,079,708 shares of the company’s stock after buying an additional 22,517 shares during the period. Bank of New York Mellon Corp owned approximately 1.58% of Realty Income Corp. worth $273,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of O. Fulton Bank N.A. increased its stake in Realty Income Corp. by 4.7% in the second quarter. Fulton Bank N.A. now owns 23,226 shares of the company’s stock valued at $1,611,000 after buying an additional 1,040 shares in the last quarter. Stock Yards Bank & Trust Co. bought a new stake in Realty Income Corp. during the second quarter valued at about $203,000. Indiana Trust & Investment Management CO bought a new stake in Realty Income Corp. during the second quarter valued at about $317,000. Raymond James Trust N.A. increased its stake in Realty Income Corp. by 0.3% in the second quarter. Raymond James Trust N.A. now owns 15,955 shares of the company’s stock valued at $1,107,000 after buying an additional 46 shares in the last quarter. Finally, DNB Asset Management AS increased its stake in Realty Income Corp. by 9.2% in the second quarter. DNB Asset Management AS now owns 19,000 shares of the company’s stock valued at $1,318,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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

Realty Income Corp. (NYSE:O) opened at 56.74 on Wednesday. The stock’s 50 day moving average price is $58.65 and its 200-day moving average price is $64.32. The company has a market capitalization of $14.67 billion, a PE ratio of 51.39 and a beta of 0.41. Realty Income Corp. has a 52 week low of $48.37 and a 52 week high of $72.30.

Realty Income Corp. (NYSE:O) last released its earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $279.57 million. During the same quarter in the previous year, the company earned $0.70 EPS. Realty Income Corp.’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Realty Income Corp. will post $2.86 earnings per share for the current fiscal year.

The company also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.202 per share. This represents a dividend yield of 4.36%. The ex-dividend date is Tuesday, November 29th. Realty Income Corp.’s dividend payout ratio (DPR) is 220.00%.

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O has been the topic of several recent research reports. Zacks Investment Research downgraded Realty Income Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Vetr upgraded Realty Income Corp. from a “strong sell” rating to a “strong-buy” rating and set a $84.79 price objective on the stock in a research report on Tuesday, August 2nd. BTIG Research began coverage on Realty Income Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Mizuho began coverage on Realty Income Corp. in a research report on Thursday, October 13th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Wunderlich lowered their price objective on Realty Income Corp. from $60.00 to $54.00 and set a “sell” rating on the stock in a research report on Monday, October 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Realty Income Corp. currently has a consensus rating of “Hold” and an average price target of $61.86.

About Realty Income Corp.

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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

5 Day Chart for NYSE:O

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