Girard Partners LTD. reduced its stake in Realty Income Corp (NYSE:O) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,644 shares of the real estate investment trust’s stock after selling 2,126 shares during the period. Girard Partners LTD.’s holdings in Realty Income were worth $890,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC grew its stake in shares of Realty Income by 18.0% in the third quarter. Cypress Wealth Services LLC now owns 5,681 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 866 shares in the last quarter. Glen Harbor Capital Management LLC grew its stake in Realty Income by 4.0% during the second quarter. Glen Harbor Capital Management LLC now owns 24,582 shares of the real estate investment trust’s stock worth $1,322,000 after buying an additional 952 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Realty Income by 0.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 379,244 shares of the real estate investment trust’s stock worth $21,575,000 after buying an additional 1,162 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Realty Income by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 130,702 shares of the real estate investment trust’s stock worth $7,030,000 after buying an additional 1,177 shares in the last quarter. Finally, RB Capital Management LLC grew its stake in Realty Income by 8.8% during the second quarter. RB Capital Management LLC now owns 14,601 shares of the real estate investment trust’s stock worth $785,000 after buying an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

A number of brokerages have issued reports on O. Bank of America upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Thursday, November 15th. Royal Bank of Canada increased their price objective on shares of Realty Income from $57.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 6th. Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Janney Montgomery Scott downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Finally, Wells Fargo & Co set a $65.00 price objective on shares of Realty Income and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $57.89.

In other news, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $58.56, for a total value of $527,040.00. Following the completion of the transaction, the director now owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

O stock opened at $63.97 on Tuesday. The stock has a market capitalization of $18.83 billion, a PE ratio of 20.91, a P/E/G ratio of 4.29 and a beta of -0.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. Realty Income Corp has a 12 month low of $47.25 and a 12 month high of $64.49.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $338.08 million during the quarter, compared to analysts’ expectations of $319.60 million. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, analysts anticipate that Realty Income Corp will post 3.16 EPS for the current year.

The business also recently announced a nov 18 dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be issued a $0.2205 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a dividend yield of 4.14%. Realty Income’s dividend payout ratio (DPR) is currently 86.60%.

TRADEMARK VIOLATION WARNING: “Girard Partners LTD. Decreases Holdings in Realty Income Corp (O)” was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/11/20/girard-partners-ltd-decreases-holdings-in-realty-income-corp-o.html.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Read More: What is cost of equity?

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp (NYSE:O).

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

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.