Bradley Foster & Sargent Inc. CT reduced its position in Realty Income Corporation (NYSE:O) by 0.8% during the third quarter, Holdings Channel reports. The firm owned 162,303 shares of the company’s stock after selling 1,237 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Realty Income Corporation were worth $10,863,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Invictus RG acquired a new stake in shares of Realty Income Corporation during the second quarter worth $105,000. Synovus Financial Corp raised its stake in shares of Realty Income Corporation by 1,745.3% in the third quarter. Synovus Financial Corp now owns 1,956 shares of the company’s stock worth $131,000 after buying an additional 1,850 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Realty Income Corporation during the second quarter worth $202,000. WealthTrust Fairport LLC acquired a new stake in shares of Realty Income Corporation during the second quarter worth $202,000. Finally, Redmond Asset Management LLC acquired a new stake in shares of Realty Income Corporation during the second quarter worth $212,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

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

Realty Income Corporation (NYSE:O) opened at 59.57 on Friday. Realty Income Corporation has a 1-year low of $50.96 and a 1-year high of $72.30. The stock has a 50 day moving average price of $56.57 and a 200 day moving average price of $62.99. The stock has a market cap of $15.40 billion, a PE ratio of 53.96 and a beta of 0.37.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. Realty Income Corporation had a return on equity of 5.04% and a net margin of 28.37%. The firm had revenue of $277.20 million for the quarter, compared to the consensus estimate of $279.57 million. During the same period in the prior year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Realty Income Corporation will post $1.11 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd will be issued a $0.2025 dividend. This represents a $2.43 annualized dividend and a dividend yield of 4.08%. This is an increase from Realty Income Corporation’s previous monthly dividend of $0.20. The ex-dividend date is Thursday, December 29th. Realty Income Corporation’s dividend payout ratio is presently 220.91%.

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A number of equities research analysts have recently weighed in on the company. Vetr lowered Realty Income Corporation from a “strong-buy” rating to a “buy” rating and set a $74.01 price objective on the stock. in a research report on Wednesday, September 21st. Mizuho began coverage on Realty Income Corporation in a research report on Thursday, October 13th. They set a “neutral” rating and a $65.00 price target on the stock. Zacks Investment Research upgraded Realty Income Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, October 18th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Realty Income Corporation in a research report on Monday. Finally, Wunderlich dropped their price target on Realty Income Corporation from $60.00 to $54.00 and set a “sell” rating on the stock in a research report on Monday, October 31st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.35.

Realty Income Corporation Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

5 Day Chart for NYSE:O

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