VELA Investment Management LLC grew its position in shares of Realty Income Co. (NYSE:O – Free Report) by 11.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,037 shares of the real estate investment trust’s stock after buying an additional 706 shares during the quarter. VELA Investment Management LLC’s holdings in Realty Income were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. CGC Financial Services LLC acquired a new stake in shares of Realty Income during the 2nd quarter valued at about $25,000. Compass Wealth Management LLC acquired a new stake in Realty Income in the 4th quarter worth approximately $25,000. Stonebridge Capital Advisors LLC lifted its holdings in Realty Income by 96.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 235 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 429 shares during the last quarter. Finally, Providence Capital Advisors LLC lifted its holdings in Realty Income by 6,231.4% in the 1st quarter. Providence Capital Advisors LLC now owns 2,216 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,181 shares during the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Stock Performance
Shares of NYSE:O opened at $54.94 on Wednesday. The business’s fifty day moving average price is $56.34 and its two-hundred day moving average price is $55.02. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $68.85. The stock has a market capitalization of $39.77 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 4.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.55 and a quick ratio of 1.55.
Realty Income Announces Dividend
The firm also recently disclosed a feb 24 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.2565 dividend. This represents a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, January 31st. Realty Income’s dividend payout ratio is currently 233.33%.
Insiders Place Their Bets
In other Realty Income news, Director A. Larry Chapman sold 3,500 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.98, for a total value of $199,430.00. Following the transaction, the director now owns 10,590 shares of the company’s stock, valued at $603,418.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
O has been the subject of several analyst reports. StockNews.com lowered Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America downgraded Realty Income from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $67.00 to $52.00 in a research report on Tuesday, October 10th. Royal Bank of Canada lifted their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Scotiabank downgraded Realty Income from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $61.00 to $54.00 in a research report on Monday, October 16th. Finally, BNP Paribas raised Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.91.
Realty Income Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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