California State Teachers Retirement System cut its stake in Realty Income Corporation (NYSE:O) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 522,463 shares of the real estate investment trust’s stock after selling 34,398 shares during the quarter. California State Teachers Retirement System owned 0.19% of Realty Income Corporation worth $28,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Realty Income Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after acquiring an additional 834,811 shares during the period. BlackRock Inc. grew its stake in shares of Realty Income Corporation by 3.9% in the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after acquiring an additional 1,024,539 shares during the period. State Street Corp grew its stake in shares of Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after acquiring an additional 1,545,797 shares during the period. Northern Trust Corp grew its stake in shares of Realty Income Corporation by 3.6% in the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after acquiring an additional 164,326 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Realty Income Corporation by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,692,785 shares of the real estate investment trust’s stock worth $203,772,000 after acquiring an additional 176,292 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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A number of brokerages have recently commented on O. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Canaccord Genuity began 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 target for the company. Morgan Stanley lifted their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Finally, FBR & Co started coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Realty Income Corporation presently has an average rating of “Hold” and an average price target of $64.67.

Shares of Realty Income Corporation (NYSE:O) traded up 0.21% during mid-day trading on Friday, reaching $56.87. 1,410,007 shares of the company traded hands. The firm has a market capitalization of $15.59 billion, a price-to-earnings ratio of 48.65 and a beta of 0.32. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $63.60. The firm has a 50-day moving average price of $57.85 and a 200 day moving average price of $57.24.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter in the prior year, the company earned $0.70 EPS. Realty Income Corporation’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current year.

The firm also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.212 dividend. The ex-dividend date is Tuesday, October 31st. This represents a yield of 4.49%. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.

In related news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total value of $188,320.00. Following the transaction, the director now owns 15,986 shares in the company, valued at approximately $940,776.10. The sale was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Realty Income Corporation Company Profile

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.

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

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