Shares of Realty Income Corp. (NYSE:O) rose 2.2% on Tuesday . The stock traded as high as $71.20 and last traded at $71.19, with a volume of 1,107,704 shares changing hands. The stock had previously closed at $69.64.

O has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 price objective (up from $59.00) on shares of Realty Income Corp. in a research report on Tuesday, April 5th. Zacks Investment Research raised shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Friday, May 6th. Mitsubishi UFJ Financial Group initiated coverage on shares of Realty Income Corp. in a research note on Tuesday, April 5th. They set a “neutral” rating and a $60.00 target price on the stock. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Realty Income Corp. in a research note on Monday, March 28th. Finally, Vetr cut shares of Realty Income Corp. from a “hold” rating to a “sell” rating and set a $59.00 target price on the stock. in a research note on Wednesday, June 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Realty Income Corp. presently has an average rating of “Hold” and an average price target of $58.29.

The stock has a 50-day moving average of $63.82 and a 200 day moving average of $59.83. The firm has a market cap of $17.88 billion and a P/E ratio of 66.61.

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 Thomson Reuters’ consensus estimate of $0.70 by $0.02. The business had revenue of $267.12 million for the quarter, compared to analysts’ expectations of $266.73 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. Realty Income Corp.’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that Realty Income Corp. will post $2.86 earnings per share for the current fiscal year.

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

In related news, Director Priya Cherian Huskins sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $62.29, for a total transaction of $124,580.00. Following the transaction, the director now owns 24,513 shares in the company, valued at approximately $1,526,914.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cary Wenthur sold 9,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $60.54, for a total transaction of $544,860.00. Following 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.

A number of hedge funds and institutional investors recently modified their holdings of O. Essex Financial Services Inc. increased its position in shares of Realty Income Corp. by 19.2% in the fourth quarter. Essex Financial Services Inc. now owns 21,830 shares of the company’s stock valued at $1,127,000 after buying an additional 3,514 shares during the period. Moors & Cabot Inc. increased its position in shares of Realty Income Corp. by 1.3% in the fourth quarter. Moors & Cabot Inc. now owns 22,457 shares of the company’s stock valued at $1,155,000 after buying an additional 292 shares during the period. Advantus Capital Management Inc increased its position in shares of Realty Income Corp. by 9.6% in the fourth quarter. Advantus Capital Management Inc now owns 24,108 shares of the company’s stock valued at $1,245,000 after buying an additional 2,118 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Realty Income Corp. by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,700 shares of the company’s stock valued at $1,275,000 after buying an additional 100 shares during the period. Finally, Henderson Group PLC increased its position in shares of Realty Income Corp. by 11.3% in the fourth quarter. Henderson Group PLC now owns 26,759 shares of the company’s stock valued at $1,382,000 after buying an additional 2,717 shares during the period.

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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