Robeco Institutional Asset Management B.V. boosted its position in Realty Income Co. (NYSE:O – Get Rating) by 39.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 59,713 shares of the real estate investment trust's stock after acquiring an additional 16,967 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Realty Income were worth $3,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in O. HWG Holdings LP bought a new stake in Realty Income in the 3rd quarter valued at about $41,000. Old North State Trust LLC purchased a new position in shares of Realty Income during the third quarter worth about $47,000. CI Investments Inc. grew its holdings in shares of Realty Income by 1,004.1% during the third quarter. CI Investments Inc. now owns 806 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 733 shares in the last quarter. Riverview Trust Co grew its holdings in shares of Realty Income by 90.5% during the third quarter. Riverview Trust Co now owns 924 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 439 shares in the last quarter. Finally, Vectors Research Management LLC grew its holdings in shares of Realty Income by 21.3% during the second quarter. Vectors Research Management LLC now owns 854 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 150 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O stock opened at $61.97 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Co. has a fifty-two week low of $55.50 and a fifty-two week high of $75.40. The stock has a 50 day moving average price of $65.57 and a two-hundred day moving average price of $63.70. The company has a market capitalization of $40.93 billion, a P/E ratio of 43.64, a PEG ratio of 5.01 and a beta of 0.79.

Realty Income (NYSE:O – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.62). The business had revenue of $888.65 million for the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a net margin of 26.00% and a return on equity of 3.14%. Realty Income's revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. Analysts expect that Realty Income Co. will post 4.09 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a mar 23 dividend, which will be paid on Friday, April 14th. Investors of record on Monday, April 3rd will be issued a dividend of $0.255 per share. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, March 31st. This is an increase from Realty Income's previous mar 23 dividend of $0.25. Realty Income's dividend payout ratio is currently 214.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on O shares. Royal Bank of Canada boosted their price objective on Realty Income from $68.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, February 23rd. Raymond James lowered Realty Income from an "outperform" rating to a "market perform" rating in a research note on Monday, January 9th. Mizuho cut their target price on Realty Income from $69.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, March 9th. StockNews.com started coverage on Realty Income in a research note on Thursday, March 16th. They issued a "sell" rating for the company. Finally, BNP Paribas started coverage on Realty Income in a research note on Tuesday, January 17th. They issued a "neutral" rating and a $72.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $72.00.

Realty Income Company Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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