Ignite Planners LLC Sells 1,323 Shares of Realty Income Co. (NYSE:O)

Ignite Planners LLC lowered its stake in shares of Realty Income Co. (NYSE:O) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,790 shares of the real estate investment trust’s stock after selling 1,323 shares during the quarter. Ignite Planners LLC’s holdings in Realty Income were worth $345,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC lifted its position in shares of Realty Income by 36.6% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 24,046 shares of the real estate investment trust’s stock valued at $1,523,000 after buying an additional 6,439 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Realty Income by 4.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 87,794 shares of the real estate investment trust’s stock valued at $5,569,000 after purchasing an additional 3,778 shares during the last quarter. Wells Fargo & Company MN boosted its position in Realty Income by 7.9% during the fourth quarter. Wells Fargo & Company MN now owns 4,601,213 shares of the real estate investment trust’s stock worth $291,855,000 after purchasing an additional 336,827 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Realty Income by 2.0% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 34,744 shares of the real estate investment trust’s stock worth $2,200,000 after purchasing an additional 682 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Realty Income by 5.9% in the first quarter. SeaCrest Wealth Management LLC now owns 6,465 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 361 shares during the period. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Royal Bank of Canada reduced 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. Robert W. Baird reiterated a “neutral” rating and set a $69.00 price objective on shares of Realty Income in a research note on Monday, August 28th. StockNews.com began coverage on Realty Income in a research note on Saturday, August 19th. They issued a “sell” rating for the company. Mizuho decreased their price target on Realty Income from $65.00 to $61.00 in a research report on Thursday, August 10th. Finally, TheStreet cut shares of Realty Income from a “b-” rating to a “c+” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.18.

Realty Income Stock Performance

NYSE O opened at $53.74 on Tuesday. The company has a market capitalization of $38.09 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income Co. has a 52-week low of $53.65 and a 52-week high of $68.85. The company has a fifty day moving average of $58.45 and a 200-day moving average of $60.29.

Realty Income Increases Dividend

The company also recently disclosed a oct 23 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.256 per share. The ex-dividend date is Friday, September 29th. This is a positive change from Realty Income’s previous oct 23 dividend of $0.26. This represents a dividend yield of 5.6%. 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.