Alpha Cubed Investments LLC lowered its stake in Realty Income Co. (NYSE:O) by 61.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,803 shares of the real estate investment trust’s stock after selling 9,168 shares during the period. Alpha Cubed Investments LLC’s holdings in Realty Income were worth $300,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IFG Advisory LLC bought a new stake in shares of Realty Income during the 4th quarter valued at $323,000. We Are One Seven LLC bought a new stake in shares of Realty Income during the 4th quarter valued at $102,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Realty Income during the 1st quarter valued at $111,000. JFS Wealth Advisors LLC boosted its holdings in shares of Realty Income by 77.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 997 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of Realty Income during the 1st quarter valued at $125,000. Institutional investors and hedge funds own 71.50% of the company’s stock.

In related news, EVP Benjamin N. Fox sold 2,276 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the transaction, the executive vice president now directly owns 17,531 shares in the company, valued at approximately $883,387.09. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Shares of Realty Income opened at $51.72 on Friday, Marketbeat reports. Realty Income Co. has a fifty-two week low of $51.82 and a fifty-two week high of $52.22. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 3.66 and a beta of 0.16.

Realty Income (NYSE:O) last released its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $318.30 million for the quarter, compared to the consensus estimate of $305.83 million. Realty Income had a net margin of 25.33% and a return on equity of 4.99%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. sell-side analysts forecast that Realty Income Co. will post 3.17 earnings per share for the current year.

The company also recently declared a may 18 dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a dividend of $0.2195 per share. The ex-dividend date was Monday, April 30th. This represents a dividend yield of 5.25%. Realty Income’s dividend payout ratio is currently 85.95%.

A number of brokerages have recently commented on O. ValuEngine cut shares of Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. DA Davidson upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, March 28th. Mizuho restated a “hold” rating and set a $53.00 target price on shares of Realty Income in a report on Friday, March 2nd. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.40.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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