Voloridge Investment Management LLC boosted its stake in shares of Realty Income Corp (NYSE:O) by 23.4% during the third quarter, Holdings Channel reports. The firm owned 34,453 shares of the real estate investment trust’s stock after purchasing an additional 6,538 shares during the quarter. Voloridge Investment Management LLC’s holdings in Realty Income were worth $2,642,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its stake in shares of Realty Income by 437.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,960,078 shares of the real estate investment trust’s stock worth $342,096,000 after purchasing an additional 4,036,826 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Realty Income by 147.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,892,536 shares of the real estate investment trust’s stock worth $375,159,000 after acquiring an additional 2,915,287 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Realty Income by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,385,673 shares of the real estate investment trust’s stock valued at $3,475,100,000 after acquiring an additional 2,012,975 shares during the period. State Street Corp grew its position in shares of Realty Income by 3.2% during the 3rd quarter. State Street Corp now owns 23,613,269 shares of the real estate investment trust’s stock valued at $1,815,967,000 after acquiring an additional 732,888 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Realty Income by 26.4% during the 2nd quarter. California Public Employees Retirement System now owns 2,199,550 shares of the real estate investment trust’s stock valued at $151,703,000 after acquiring an additional 459,043 shares during the period. Institutional investors own 73.97% of the company’s stock.

O opened at $75.40 on Wednesday. The firm has a market cap of $24.98 billion, a P/E ratio of 23.64, a PEG ratio of 6.18 and a beta of 0.01. Realty Income Corp has a 1-year low of $59.93 and a 1-year high of $82.17. The company has a 50 day simple moving average of $78.35 and a two-hundred day simple moving average of $73.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.45 and a quick ratio of 2.45.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.51). Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The firm had revenue of $374.20 million for the quarter, compared to the consensus estimate of $369.86 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts anticipate that Realty Income Corp will post 3.28 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.227 dividend. This represents a $2.72 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, November 29th. Realty Income’s dividend payout ratio is currently 85.27%.

In other news, CFO Paul M. Meurer sold 10,000 shares of Realty Income stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total transaction of $753,300.00. Following the sale, the chief financial officer now owns 30,468 shares in the company, valued at $2,295,154.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director A. Larry Chapman sold 8,000 shares of Realty Income stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the sale, the director now owns 14,757 shares in the company, valued at approximately $1,108,103.13. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Realty Income from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 17th. Royal Bank of Canada set a $75.00 price target on Realty Income and gave the company a “hold” rating in a report on Friday, October 18th. Jefferies Financial Group assumed coverage on Realty Income in a report on Thursday, October 10th. They set a “buy” rating and a $99.00 price target for the company. Standpoint Research upped their price target on Realty Income to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Co set a $82.00 price objective on Realty Income and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $80.44.

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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