Tarbox Family Office Inc. lifted its stake in Realty Income Corp (NYSE:O) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,835 shares of the real estate investment trust’s stock after acquiring an additional 2,865 shares during the quarter. Realty Income makes up 2.9% of Tarbox Family Office Inc.’s portfolio, making the stock its 6th biggest holding. Tarbox Family Office Inc.’s holdings in Realty Income were worth $9,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its position in Realty Income by 4.4% during the first quarter. Northern Trust Corp now owns 5,198,026 shares of the real estate investment trust’s stock worth $382,366,000 after buying an additional 216,870 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Realty Income by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,404,024 shares of the real estate investment trust’s stock worth $277,633,000 after buying an additional 113,670 shares during the last quarter. Geode Capital Management LLC increased its position in Realty Income by 15.5% during the fourth quarter. Geode Capital Management LLC now owns 4,164,413 shares of the real estate investment trust’s stock worth $262,101,000 after buying an additional 558,730 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Realty Income by 34.4% during the first quarter. Daiwa Securities Group Inc. now owns 2,104,397 shares of the real estate investment trust’s stock worth $154,799,000 after buying an additional 539,094 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Realty Income by 339.0% during the first quarter. Janus Henderson Group PLC now owns 1,824,868 shares of the real estate investment trust’s stock worth $134,237,000 after buying an additional 1,409,164 shares during the last quarter. 69.08% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on O. ValuEngine cut shares of Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Morgan Stanley upped their price target on shares of Realty Income from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Citigroup set a $74.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Finally, Capital One Financial upgraded shares of Realty Income from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Realty Income currently has a consensus rating of “Hold” and a consensus target price of $66.89.

O traded up $0.60 during midday trading on Friday, reaching $72.81. 35,351 shares of the company’s stock were exchanged, compared to its average volume of 1,559,470. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 5.98 and a beta of 0.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80. Realty Income Corp has a one year low of $55.55 and a one year high of $74.14. The business has a 50-day simple moving average of $70.16 and a two-hundred day simple moving average of $70.42.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $344.42 million. Realty Income had a net margin of 27.86% and a return on equity of 7.14%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. As a group, research analysts anticipate that Realty Income Corp will post 3.29 EPS for the current fiscal year.

The firm also recently declared a aug 19 dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.2265 per share. The ex-dividend date was Wednesday, July 31st. Realty Income’s dividend payout ratio is 85.27%.

In other news, EVP Benjamin N. Fox sold 2,631 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.70, for a total transaction of $186,011.70. Following the completion of the sale, the executive vice president now owns 12,812 shares of the company’s stock, valued at $905,808.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $70.72, for a total transaction of $424,320.00. Following the sale, the director now directly owns 18,075 shares of the company’s stock, valued at approximately $1,278,264. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,460 shares of company stock valued at $1,366,521. Corporate insiders own 0.20% of the company’s stock.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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