Northstar Investment Advisors LLC reduced its position in shares of Realty Income Corp (NYSE:O) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,679 shares of the real estate investment trust’s stock after selling 1,586 shares during the period. Realty Income accounts for about 1.8% of Northstar Investment Advisors LLC’s holdings, making the stock its 18th biggest position. Northstar Investment Advisors LLC’s holdings in Realty Income were worth $9,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Investors Research Corp bought a new position in shares of Realty Income during the first quarter valued at about $27,000. Cornerstone Advisors Inc. lifted its position in shares of Realty Income by 245.9% during the first quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 268 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in shares of Realty Income by 900.0% during the first quarter. Cascade Investment Advisors Inc. now owns 400 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. Somerset Trust Co raised its position in Realty Income by 192.3% in the first quarter. Somerset Trust Co now owns 456 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 300 shares during the period. Finally, Icon Wealth Partners LLC bought a new stake in Realty Income in the first quarter worth about $37,000. 69.07% of the stock is currently owned by institutional investors.

In related news, EVP Benjamin N. Fox sold 2,631 shares of the business’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 transaction, the executive vice president now owns 12,812 shares of the company’s stock, valued at $905,808.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.72, for a total transaction of $424,320.00. Following the transaction, 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. Insiders sold 19,460 shares of company stock valued at $1,366,521 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Several analysts have commented on O shares. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th. Stifel Nicolaus lifted their price objective on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Citigroup set a $74.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Finally, Morgan Stanley lifted their price objective on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $66.00.

O opened at $69.54 on Friday. The stock has a market capitalization of $22.01 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 5.31 and a beta of 0.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50-day simple moving average of $70.79. Realty Income Corp has a twelve month low of $54.68 and a twelve month high of $74.14.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.43). The business had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $335.37 million. Realty Income had a return on equity of 7.65% and a net margin of 28.70%. Realty Income’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, research analysts expect that Realty Income Corp will post 3.29 earnings per share for the current year.

The firm also recently announced a aug 19 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.2265 dividend. The ex-dividend date is Wednesday, July 31st. Realty Income’s payout ratio is 85.27%.

Realty Income 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.

Read More: What member countries make up the G-20?

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

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.