CIBC Asset Management Inc increased its holdings in Realty Income Corporation (NYSE:O) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,963 shares of the real estate investment trust’s stock after purchasing an additional 1,562 shares during the period. CIBC Asset Management Inc’s holdings in Realty Income Corporation were worth $3,199,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Realty Income Corporation by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after buying an additional 834,811 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Realty Income Corporation by 3.9% during the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after buying an additional 1,024,539 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Realty Income Corporation by 3.6% during the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after buying an additional 164,326 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income Corporation by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,692,785 shares of the real estate investment trust’s stock worth $203,772,000 after buying an additional 176,292 shares in the last quarter. Finally, PGGM Investments increased its holdings in shares of Realty Income Corporation by 2.2% during the second quarter. PGGM Investments now owns 3,049,303 shares of the real estate investment trust’s stock worth $168,261,000 after buying an additional 65,376 shares in the last quarter. 67.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Realty Income Corporation (O) opened at $56.49 on Friday. The company has a market cap of $15,913.83, a PE ratio of 18.46, a P/E/G ratio of 4.60 and a beta of 0.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Realty Income Corporation has a twelve month low of $52.85 and a twelve month high of $63.60.

Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. analysts forecast that Realty Income Corporation will post 3 earnings per share for the current fiscal year.

The company also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date is Thursday, November 30th. Realty Income Corporation’s dividend payout ratio (DPR) is presently 208.20%.

In related news, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,549 shares of company stock valued at $593,646. 0.30% of the stock is currently owned by insiders.

O has been the subject of a number of research reports. Vetr raised shares of Realty Income Corporation from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a report on Thursday, October 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research note on Wednesday, November 1st. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Realty Income Corporation in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, October 26th. Finally, FBR & Co set a $56.00 price objective on shares of Realty Income Corporation and gave the company a “hold” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.43.

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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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