Dai Ichi Life Insurance Company Ltd decreased its position in shares of Realty Income Corporation (NYSE:O) by 87.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,808 shares of the real estate investment trust’s stock after selling 80,820 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Realty Income Corporation were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Realty Income Corporation by 4.3% during the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock worth $2,737,174,000 after buying an additional 1,876,658 shares during the period. BlackRock Inc. increased its position in Realty Income Corporation by 2,423.9% during the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock worth $1,554,926,000 after buying an additional 25,085,115 shares during the period. State Street Corp increased its position in Realty Income Corporation by 9.6% during the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after buying an additional 1,545,797 shares during the period. JPMorgan Chase & Co. increased its position in Realty Income Corporation by 226.0% during the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock worth $315,509,000 after buying an additional 3,674,028 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Realty Income Corporation by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,516,493 shares of the real estate investment trust’s stock worth $209,333,000 after buying an additional 90,203 shares during the period. 69.18% of the stock is currently owned by institutional investors.

Several research analysts have commented on O shares. BidaskClub raised Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Realty Income Corporation in a report on Friday, July 14th. FBR & Co began coverage on Realty Income Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $56.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.24.

In other news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total transaction of $449,840.00. Following the sale, the director now directly owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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Realty Income Corporation (NYSE:O) opened at 59.90 on Friday. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 51.24 and a beta of 0.31. The stock has a 50 day moving average price of $57.77 and a 200-day moving average price of $57.50. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.14.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Equities analysts forecast that Realty Income Corporation will post $1.19 earnings per share for the current year.

The business also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.212 per share. This represents a dividend yield of 4.33%. This is a boost from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date of this dividend is Friday, September 29th. Realty Income Corporation’s dividend payout ratio is presently 217.09%.

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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