Gamco Investors INC. ET AL Lowers Stock Holdings in Realty Income Co. (NYSE:O)

Gamco Investors INC. ET AL lowered its stake in shares of Realty Income Co. (NYSE:OFree Report) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,700 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Realty Income were worth $1,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in O. Moneta Group Investment Advisors LLC boosted its holdings in Realty Income by 100,285.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after purchasing an additional 8,615,530 shares in the last quarter. Norges Bank purchased a new stake in Realty Income in the 4th quarter valued at approximately $316,245,000. BlackRock Inc. boosted its holdings in Realty Income by 4.3% in the 2nd quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock valued at $3,697,446,000 after purchasing an additional 2,523,432 shares in the last quarter. State Street Corp boosted its holdings in Realty Income by 5.0% in the 2nd quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock valued at $3,100,637,000 after purchasing an additional 2,460,053 shares in the last quarter. Finally, Scharf Investments LLC purchased a new stake in Realty Income in the 3rd quarter valued at approximately $122,526,000. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on O shares. Stifel Nicolaus reduced their price target on shares of Realty Income from $69.50 to $67.50 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research note on Wednesday, December 6th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Mizuho upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $61.91.

Check Out Our Latest Analysis on O

Realty Income Stock Performance

Shares of O stock opened at $52.75 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 1.55. Realty Income Co. has a one year low of $45.03 and a one year high of $67.35. The company’s 50-day simple moving average is $56.32 and its 200-day simple moving average is $54.65. The stock has a market capitalization of $38.19 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 3.97 and a beta of 0.94.

Realty Income Dividend Announcement

The firm also recently announced a feb 24 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.2565 dividend. The ex-dividend date is Wednesday, January 31st. This represents a yield of 5.2%. 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 firm’s stock in a transaction dated Monday, December 18th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Profile

(Free Report)

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.

See Also

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

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