Realty Income Corp. (NYSE:O) traded down 2.6% during mid-day trading on Thursday . The stock 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.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, May 6th. Mitsubishi UFJ Financial Group assumed coverage on shares of Realty Income Corp. in a research note on Tuesday, April 5th. They set a “neutral” rating and a $60.00 price target on the stock. Vetr downgraded shares of Realty Income Corp. from a “hold” rating to a “sell” rating and set a $59.00 price target on the stock. in a research note on Wednesday, June 1st. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Realty Income Corp. in a research note on Monday, March 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $64.00 price target (up previously from $59.00) on shares of Realty Income Corp. in a research note on Tuesday, April 5th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Realty Income Corp. currently has a consensus rating of “Hold” and a consensus price target of $58.42.

The stock’s 50-day moving average price is $64.38 and its 200-day moving average price is $60.04. The firm has a market capitalization of $17.55 billion and a price-to-earnings ratio of 65.40.

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

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

In other Realty Income Corp. news, Director Gregory Mclaughlin sold 1,950 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $63.87, for a total transaction of $124,546.50. Following the transaction, the director now owns 18,936 shares in the company, valued at approximately $1,209,442.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cary Wenthur sold 9,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $60.54, for a total value 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.

Several hedge funds recently added to or reduced their stakes in O. ProShare Advisors LLC raised its stake in Realty Income Corp. by 12.0% in the fourth quarter. ProShare Advisors LLC now owns 152,042 shares of the company’s stock valued at $7,850,000 after buying an additional 16,328 shares during the period. PNC Financial Services Group Inc. raised its stake in Realty Income Corp. by 32.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 50,278 shares of the company’s stock valued at $2,597,000 after buying an additional 12,372 shares during the period. California Public Employees Retirement System raised its stake in Realty Income Corp. by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 513,539 shares of the company’s stock valued at $26,514,000 after buying an additional 2,900 shares during the period. TD Asset Management Inc. raised its stake in Realty Income Corp. by 9.5% in the fourth quarter. TD Asset Management Inc. now owns 117,517 shares of the company’s stock valued at $6,067,000 after buying an additional 10,200 shares during the period. Finally, Henderson Group PLC raised its stake in 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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