Realty Income Corporation $O Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of Realty Income Corporation (NYSE:O) by 36.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,312 shares of the real estate investment trust’s stock after selling 10,533 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Realty Income were worth $1,113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of O. Vanguard Group Inc. raised its holdings in shares of Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after acquiring an additional 3,624,852 shares during the last quarter. State Street Corp raised its stake in Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Realty Income by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after purchasing an additional 654,958 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Realty Income during the second quarter worth about $676,500,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Cantor Fitzgerald decreased their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Morgan Stanley increased their target price on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.21.

Realty Income Stock Performance

NYSE O opened at $65.65 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $66.28. The firm has a market capitalization of $60.39 billion, a P/E ratio of 60.79, a P/E/G ratio of 3.88 and a beta of 0.79. The business’s 50-day simple moving average is $59.43 and its 200-day simple moving average is $58.79.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, January 30th. Realty Income’s dividend payout ratio is 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.