Realty Income Corporation (O) Position Increased by Kempen Capital Management N.V.

Kempen Capital Management N.V. increased its position in shares of Realty Income Corporation (NYSE:O) by 37.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,855 shares of the real estate investment trust’s stock after buying an additional 20,219 shares during the period. Kempen Capital Management N.V.’s holdings in Realty Income Corporation were worth $4,131,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FCG Advisors LLC lifted its holdings in Realty Income Corporation by 0.5% during the first quarter. FCG Advisors LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 17 shares in the last quarter. Bennicas & Associates Inc. increased its position in Realty Income Corporation by 0.6% during the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 33 shares during the last quarter. RiverPoint Capital Management LLC increased its position in Realty Income Corporation by 0.9% during the first quarter. RiverPoint Capital Management LLC now owns 3,920 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 34 shares during the last quarter. Eaton Vance Management increased its position in Realty Income Corporation by 0.9% during the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 47 shares during the last quarter. Finally, Financial Advisors Network Inc. increased its position in Realty Income Corporation by 0.4% during the first quarter. Financial Advisors Network Inc. now owns 14,582 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 56 shares during the last quarter. 68.97% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Corporation (O) traded down 0.10% on Monday, reaching $59.84. 143,713 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $57.77 and its 200 day moving average is $57.50. The stock has a market capitalization of $16.40 billion, a P/E ratio of 51.19 and a beta of 0.31. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $69.14.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.86 million. During the same period last year, the company posted $0.70 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts expect that Realty Income Corporation will post $1.19 EPS for the current year.

The company also recently declared a oct 17 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.212 per share. This represents a dividend yield of 4.33%. This is a positive change from Realty Income Corporation’s previous oct 17 dividend of $0.21. The ex-dividend date is Friday, September 29th. Realty Income Corporation’s payout ratio is currently 217.09%.

O has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. UBS AG upgraded shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and lifted their price target for the company from $52.00 to $57.00 in a research report on Friday, September 8th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a report on Thursday, July 27th. Zacks Investment Research cut shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Realty Income Corporation has an average rating of “Hold” and a consensus price target of $64.24.

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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.

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

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