Realty Income Corp. (NYSE:O)’s share price dropped 2.6% during mid-day trading on Thursday . The company traded as low as $68.68 and last traded at $69.37, with a volume of 2,036,472 shares. The stock had previously closed at $71.21.

O has been the topic of several analyst reports. Goldman Sachs Group Inc. restated a “sell” rating on shares of Realty Income Corp. in a report on Monday, March 28th. Stifel Nicolaus restated a “buy” rating and issued a $64.00 price objective (up from $59.00) on shares of Realty Income Corp. in a report on Tuesday, April 5th. Mitsubishi UFJ Financial Group initiated coverage on shares of Realty Income Corp. in a report on Tuesday, April 5th. They issued a “neutral” rating and a $60.00 price objective on the stock. Zacks Investment Research lowered shares of Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Vetr lowered shares of Realty Income Corp. from a “hold” rating to a “sell” rating and set a $59.00 price objective on the stock. in a report on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.42.

The company has a market capitalization of $17.36 billion and a P/E ratio of 64.68. The stock has a 50 day moving average of $63.91 and a 200 day moving average of $59.83.

Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.02. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company had revenue of $267.12 million for the quarter, compared to the consensus estimate of $266.73 million. The company’s revenue was up 8.2% compared to the same quarter last year. On average, analysts expect that Realty Income Corp. will post $2.86 EPS for the current fiscal year.

The firm also recently announced a jul 16 dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be given a dividend of $0.1995 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a yield of 3.68%. This is a positive change from Realty Income Corp.’s previous jul 16 dividend of $0.20.

In other news, SVP Benjamin N. Fox sold 2,174 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $65.79, for a total value of $143,027.46. Following the transaction, the senior vice president now owns 12,130 shares in the company, valued at approximately $798,032.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cary Wenthur sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $60.54, for a total transaction of $544,860.00. Following the completion of the transaction, the senior vice president now owns 21,118 shares in the company, valued at approximately $1,278,483.72. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Realty Income Corp. by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 38,725,225 shares of the company’s stock worth $1,999,384,000 after buying an additional 2,506,121 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Realty Income Corp. by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,192,409 shares of the company’s stock worth $164,826,000 after buying an additional 276,852 shares during the last quarter. First Trust Advisors LP increased its position in Realty Income Corp. by 69.2% in the fourth quarter. First Trust Advisors LP now owns 343,003 shares of the company’s stock worth $17,709,000 after buying an additional 140,225 shares during the last quarter. Andra AP fonden increased its position in Realty Income Corp. by 304.8% in the fourth quarter. Andra AP fonden now owns 126,300 shares of the company’s stock worth $6,521,000 after buying an additional 95,100 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Realty Income Corp. by 3.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,173,258 shares of the company’s stock worth $112,206,000 after buying an additional 76,873 shares during the last quarter.

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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

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