Shares of Realty Income Corp. (NYSE:O) traded down 1.8% during trading on Thursday . The stock traded as low as $67.89 and last traded at $67.94, with a volume of 529,077 shares trading hands. The stock had previously closed at $69.21.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $66.00 price target (up previously from $58.00) on shares of Realty Income Corp. in a research report on Monday, August 1st. Royal Bank Of Canada raised their price target on shares of Realty Income Corp. from $58.00 to $66.00 and gave the company a “sector perform” rating in a research report on Monday, August 1st. Wunderlich raised their price target on shares of Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research report on Monday, August 1st. Finally, Citigroup Inc. raised their price target on shares of Realty Income Corp. from $50.00 to $60.00 and gave the company a “sell” rating in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Realty Income Corp. presently has an average rating of “Hold” and an average price target of $65.14.

The company has a market cap of $17.75 billion and a P/E ratio of 62.97. The company has a 50 day moving average price of $69.64 and a 200-day moving average price of $63.04.

Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.02. The company had revenue of $260.06 million for the quarter, compared to the consensus estimate of $274.34 million. Realty Income Corp.’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. Equities analysts expect that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.

The business also recently declared a sep 16 dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.2015 per share. This represents a dividend yield of 3.42%. The ex-dividend date is Tuesday, August 30th. This is an increase from Realty Income Corp.’s previous sep 16 dividend of $0.20.

In other Realty Income Corp. 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 value of $124,580.00. Following the sale, the director now owns 24,513 shares in the company, valued at $1,526,914.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Benjamin N. Fox sold 2,174 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $65.79, for a total transaction of $143,027.46. Following the completion of the sale, the senior vice president now owns 12,130 shares in the company, valued at approximately $798,032.70. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in the company. Mutual of America Capital Management LLC boosted its stake in shares of Realty Income Corp. by 5.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 27,900 shares of the company’s stock worth $1,440,000 after buying an additional 1,522 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Realty Income Corp. by 9.8% in the fourth quarter. Principal Financial Group Inc. now owns 376,266 shares of the company’s stock worth $19,427,000 after buying an additional 33,526 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Realty Income Corp. by 66.5% in the fourth quarter. Victory Capital Management Inc. now owns 61,581 shares of the company’s stock worth $3,180,000 after buying an additional 24,588 shares during the period. Advantus Capital Management Inc boosted its stake 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 worth $1,245,000 after buying an additional 2,118 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Realty Income Corp. by 0.5% in the fourth quarter. US Bancorp DE now owns 55,123 shares of the company’s stock worth $2,846,000 after buying an additional 257 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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