Rhumbline Advisers Decreases Stock Holdings in Realty Income Corporation $O

Rhumbline Advisers cut its stake in Realty Income Corporation (NYSE:O) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,767,187 shares of the real estate investment trust’s stock after selling 96,406 shares during the period. Rhumbline Advisers’ holdings in Realty Income were worth $107,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter worth $29,000. Avion Wealth increased its stake in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income during the 2nd quarter valued at about $31,000. Finally, Country Trust Bank grew its holdings in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on O. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $60.00 to $67.00 in a report on Friday, January 30th. Morgan Stanley lifted their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, January 20th. Cantor Fitzgerald reduced their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.21.

Realty Income Trading Up 1.0%

Shares of NYSE O opened at $64.51 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $59.35 billion, a PE ratio of 59.73, a PEG ratio of 3.78 and a beta of 0.79. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.62. The stock has a fifty day simple moving average of $59.15 and a 200-day simple moving average of $58.68.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s dividend payout ratio is 300.00%.

About Realty Income

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.