Redhawk Wealth Advisors Inc. Invests $987,000 in Realty Income Corporation $O

Redhawk Wealth Advisors Inc. bought a new stake in Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,922 shares of the real estate investment trust’s stock, valued at approximately $987,000.

A number of other large investors have also added to or reduced their stakes in the company. EFG International AG purchased a new stake in Realty Income during the 4th quarter worth $26,000. Evolution Wealth Management Inc. boosted its position in Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 360 shares during the last quarter. Quattro Advisors LLC purchased a new position in Realty Income in the 4th quarter valued at about $29,000. Sankala Group LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $32,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Realty Income during the first quarter valued at about $40,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.2%

NYSE O opened at $61.79 on Wednesday. The company has a market capitalization of $58.47 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 4.51 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company’s fifty day moving average price is $62.91 and its two-hundred day moving average price is $63.06.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.271 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, July 31st. Realty Income’s dividend payout ratio (DPR) is 237.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on O shares. Robert W. Baird lifted their target price on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, July 6th. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wells Fargo & Company raised their price objective on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, UBS Group set a $67.00 price objective on Realty Income in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.42.

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.