Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in Realty Income Corporation (NYSE:O) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 83,022 shares of the real estate investment trust’s stock after selling 6,142 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Realty Income Corporation were worth $4,581,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Realty Income Corporation by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 959,540 shares of the real estate investment trust’s stock worth $52,948,000 after buying an additional 75,982 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Realty Income Corporation by 374.7% in the second quarter. Tradewinds Capital Management LLC now owns 4,353 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 3,436 shares in the last quarter. Pointe Capital Management LLC purchased a new stake in shares of Realty Income Corporation during the second quarter worth $276,000. Davis R M Inc. boosted its stake in shares of Realty Income Corporation by 2.6% in the second quarter. Davis R M Inc. now owns 4,256 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 106 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Realty Income Corporation during the second quarter worth $218,000. Hedge funds and other institutional investors own 68.74% of the company’s stock.

Realty Income Corporation (NYSE O) opened at 56.48 on Friday. The stock has a 50 day moving average price of $56.39 and a 200-day moving average price of $57.94. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $69.14. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 48.31 and a beta of 0.32.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Equities analysts forecast that Realty Income Corporation will post $1.20 earnings per share for the current year.

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

ILLEGAL ACTIVITY WARNING: “Realty Income Corporation (O) Stake Reduced by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/12/realty-income-corporation-o-stake-reduced-by-mitsubishi-ufj-kokusai-asset-management-co-ltd.html.

A number of equities research analysts have weighed in on O shares. Zacks Investment Research cut Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Morgan Stanley boosted their price objective on 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 upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. FBR & Co started coverage on 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 started coverage on 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 research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.68.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the firm’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 sale, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O).

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

Receive News & Ratings for Realty Income Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corporation and related companies with MarketBeat.com's FREE daily email newsletter.