Teachers Insurance & Annuity Association of America lowered its holdings in shares of Realty Income Corp (NYSE:O) by 27.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 199,709 shares of the real estate investment trust’s stock after selling 75,056 shares during the period. Realty Income comprises 1.6% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 22nd largest holding. Teachers Insurance & Annuity Association of America owned about 0.06% of Realty Income worth $13,773,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its position in Realty Income by 245.9% during the first quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 268 shares during the last quarter. Berman Capital Advisors LLC lifted its stake in shares of Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Weaver Consulting Group bought a new stake in shares of Realty Income during the 2nd quarter valued at about $29,000. Liberty Wealth Management LLC boosted its position in shares of Realty Income by 102.7% during the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 225 shares in the last quarter. Finally, Asset Dedication LLC grew its stake in Realty Income by 182.7% during the second quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 316 shares during the period. 70.76% of the stock is owned by hedge funds and other institutional investors.

O traded down $0.31 on Wednesday, hitting $73.40. The company’s stock had a trading volume of 1,410,389 shares, compared to its average volume of 1,252,419. The company’s 50 day simple moving average is $72.28 and its 200-day simple moving average is $70.98. The firm has a market cap of $23.45 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 5.91 and a beta of 0.08. Realty Income Corp has a 12 month low of $55.55 and a 12 month high of $76.73. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Realty Income had a net margin of 27.86% and a return on equity of 4.79%. The company had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $344.42 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. Realty Income’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts predict that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.

The company also recently announced a aug 19 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be paid a $0.2265 dividend. The ex-dividend date of this dividend is Friday, August 30th. Realty Income’s dividend payout ratio is currently 85.27%.

In related news, Director A. Larry Chapman sold 8,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the transaction, the director now owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Several research analysts recently issued reports on O shares. Deutsche Bank started coverage on shares of Realty Income in a research note on Tuesday, August 27th. They set a “hold” rating and a $73.00 target price on the stock. Standpoint Research upped their price objective on shares of Realty Income to $83.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Stifel Nicolaus increased their price objective on shares of Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Citigroup set a $74.00 target price on Realty Income and gave the company a “hold” rating in a research report on Tuesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $72.30.

Realty Income 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 5,700 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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