Cozad Asset Management Inc. bought a new stake in shares of Realty Income Corp (NYSE:O) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 35,421 shares of the real estate investment trust’s stock, valued at approximately $1,905,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Realty Income by 4.6% during the second quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock valued at $1,630,791,000 after buying an additional 1,341,367 shares during the last quarter. Northern Trust Corp grew its stake in shares of Realty Income by 3.8% during the first quarter. Northern Trust Corp now owns 5,236,142 shares of the real estate investment trust’s stock valued at $270,866,000 after buying an additional 192,423 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Realty Income by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,100 shares of the real estate investment trust’s stock valued at $225,390,000 after buying an additional 78,488 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Realty Income by 1.2% during the second quarter. Bank of America Corp DE now owns 3,007,424 shares of the real estate investment trust’s stock valued at $161,769,000 after buying an additional 34,897 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Realty Income by 3.3% during the first quarter. Wells Fargo & Company MN now owns 2,801,806 shares of the real estate investment trust’s stock valued at $144,937,000 after buying an additional 90,154 shares during the last quarter. 68.19% of the stock is currently owned by hedge funds and other institutional investors.

In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $58.56, for a total transaction of $527,040.00. Following the completion of the sale, the director now owns 18,757 shares in the company, valued at $1,098,409.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael R. Pfeiffer sold 10,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.63, for a total value of $576,300.00. Following the sale, the executive vice president now owns 37,655 shares of the company’s stock, valued at approximately $2,170,057.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,067 shares of company stock valued at $5,142,150. 0.20% of the stock is owned by company insiders.

Shares of NYSE O opened at $58.14 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $16.85 billion, a P/E ratio of 19.00, a PEG ratio of 4.12 and a beta of 0.10. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $59.99.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). The company had revenue of $328.90 million for the quarter, compared to analysts’ expectations of $311.95 million. Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. analysts anticipate that Realty Income Corp will post 3.18 EPS for the current year.

The business also recently announced a sep 18 dividend, which will be paid on Friday, September 14th. Shareholders of record on Tuesday, September 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a yield of 4.51%. Realty Income’s dividend payout ratio is currently 86.27%.

A number of research analysts have recently commented on O shares. ValuEngine cut Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Mitsubishi UFJ Financial Group upgraded Realty Income from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $54.00 to $62.00 in a report on Tuesday, July 10th. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Mizuho set a $58.00 price target on Realty Income and gave the company a “hold” rating in a report on Monday, August 13th. Finally, Bank of America boosted their price target on Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.21.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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