Virginia Retirement Systems ET AL reduced its stake in Realty Income Corp (NYSE:O) by 23.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,959 shares of the real estate investment trust’s stock after selling 46,900 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.05% of Realty Income Corp worth $8,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of O. Wells Fargo & Company MN raised its position in Realty Income Corp by 10.9% in the first quarter. Wells Fargo & Company MN now owns 2,417,621 shares of the real estate investment trust’s stock valued at $143,920,000 after buying an additional 238,017 shares in the last quarter. Tarbox Group Inc. raised its position in Realty Income Corp by 8.7% in the first quarter. Tarbox Group Inc. now owns 92,388 shares of the real estate investment trust’s stock valued at $5,500,000 after buying an additional 7,396 shares in the last quarter. First Bank & Trust raised its position in Realty Income Corp by 12.6% in the first quarter. First Bank & Trust now owns 9,632 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 1,076 shares in the last quarter. IFP Advisors Inc raised its position in Realty Income Corp by 3.9% in the first quarter. IFP Advisors Inc now owns 68,968 shares of the real estate investment trust’s stock valued at $4,106,000 after buying an additional 2,603 shares in the last quarter. Finally, Financial Architects Inc raised its position in Realty Income Corp by 6.3% in the first quarter. Financial Architects Inc now owns 4,708 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 279 shares in the last quarter. Institutional investors own 68.67% of the company’s stock.

Shares of Realty Income Corp (NYSE O) opened at 57.50 on Friday. The firm has a market capitalization of $15.76 billion, a PE ratio of 49.19 and a beta of 0.32. Realty Income Corp has a 52 week low of $52.72 and a 52 week high of $69.14. The stock has a 50 day moving average price of $56.77 and a 200 day moving average price of $57.80.

Realty Income Corp (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. Realty Income Corp had a net margin of 27.07% and a return on equity of 4.64%. Realty Income Corp’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. Equities analysts forecast that Realty Income Corp will post $1.19 earnings per share for the current fiscal year.

The company also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.2115 dividend. The ex-dividend date is Wednesday, August 30th. This represents a yield of 4.46%. Realty Income Corp’s payout ratio is presently 217.09%.

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Several research firms have recently commented on O. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corp in a research report on Thursday, July 27th. BidaskClub upgraded Realty Income Corp from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Morgan Stanley raised their price target on Realty Income Corp from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Canaccord Genuity began coverage on Realty Income Corp in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target for the company. Finally, FBR & Co began coverage on Realty Income Corp in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price target for the company. Four investment 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. Realty Income Corp currently has an average rating of “Hold” and an average price target of $63.68.

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

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. 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.

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

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