Goelzer Investment Management Inc. decreased its stake in Realty Income Corporation (NYSE:O) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 4,038 shares of the real estate investment trust’s stock after selling 55 shares during the period. Goelzer Investment Management Inc.’s holdings in Realty Income Corporation were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Founders Capital Management bought a new position in shares of Realty Income Corporation during the first quarter valued at $107,000. Harbour Capital Advisors LLC acquired a new position in Realty Income Corporation during the first quarter valued at approximately $119,000. Bessemer Group Inc. raised its position in Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Realty Income Corporation during the first quarter valued at approximately $144,000. Finally, IHT Wealth Management LLC raised its position in Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 143 shares during the last quarter. 68.74% of the stock is owned by institutional investors.

Realty Income Corporation (O) opened at 57.30 on Wednesday. The stock has a market cap of $15.70 billion, a P/E ratio of 49.02 and a beta of 0.32. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $69.54. The company has a 50-day moving average of $56.17 and a 200-day moving average of $58.05.

Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.76. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. Realty Income Corporation’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. On average, analysts predict that Realty Income Corporation will post $1.20 EPS for the current fiscal year.

The business also recently declared a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.2115 dividend. This represents a yield of 4.63%. The ex-dividend date is Friday, July 28th. Realty Income Corporation’s dividend payout ratio is presently 217.09%.

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O has been the subject of several recent research reports. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Morgan Stanley raised their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. FBR & Co initiated coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 price objective for the company. Finally, Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $63.68.

In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the transaction, the director now owns 20,513 shares in the company, valued at approximately $1,153,445.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

About Realty Income Corporation

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. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

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Institutional Ownership by Quarter for Realty Income Corporation (NYSE:O)

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