Capital Advisors Wealth Management LLC acquired a new stake in shares of Realty Income Co. (NYSE:O – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,486 shares of the real estate investment trust’s stock, valued at approximately $208,000.
Other large investors have also recently made changes to their positions in the company. Graham Capital Wealth Management LLC bought a new position in Realty Income during the 1st quarter valued at about $201,358,000. DT Investment Partners LLC purchased a new stake in shares of Realty Income in the first quarter worth approximately $25,000. Compass Wealth Management LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $25,000. Aspire Private Capital LLC bought a new position in Realty Income in the 1st quarter valued at $26,024,520,000. Finally, Tucker Asset Management LLC bought a new position in Realty Income in the 1st quarter valued at $27,000. 78.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on O shares. Mizuho cut their price target on shares of Realty Income from $65.00 to $61.00 in a report on Thursday, August 10th. TheStreet cut Realty Income from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. Royal Bank of Canada lowered their price objective on shares of Realty Income from $68.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. StockNews.com assumed coverage on shares of Realty Income in a report on Saturday, August 19th. They issued a “sell” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on Realty Income from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.18.
Realty Income Trading Down 0.7 %
Shares of NYSE:O opened at $53.74 on Tuesday. The business has a 50-day moving average price of $58.45 and a 200-day moving average price of $60.29. The stock has a market cap of $38.09 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 2.70 and a beta of 0.79. Realty Income Co. has a 52-week low of $53.65 and a 52-week high of $68.85. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.63.
Realty Income Increases Dividend
The firm also recently disclosed a oct 23 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be issued a $0.256 dividend. This is an increase from Realty Income’s previous oct 23 dividend of $0.26. This represents a dividend yield of 5.6%. The ex-dividend date is Friday, September 29th. Realty Income’s dividend payout ratio is 229.10%.
About Realty Income
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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