Valley Wealth Managers Inc. Has $3.57 Million Holdings in Realty Income Co. (NYSE:O)

Valley Wealth Managers Inc. raised its stake in Realty Income Co. (NYSE:OFree Report) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,397 shares of the real estate investment trust’s stock after acquiring an additional 1,652 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Realty Income were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of O. CGC Financial Services LLC bought a new stake in Realty Income in the second quarter valued at approximately $25,000. Compass Wealth Management LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $25,000. Stonebridge Capital Advisors LLC boosted its holdings in shares of Realty Income by 96.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 235 shares during the period. FinTrust Capital Advisors LLC boosted its holdings in shares of Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 429 shares during the period. Finally, Providence Capital Advisors LLC boosted its holdings in shares of Realty Income by 6,231.4% in the first quarter. Providence Capital Advisors LLC now owns 2,216 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 2,181 shares during the period. Institutional investors and hedge funds own 78.82% of the company’s stock.

Realty Income Trading Down 0.2 %

Shares of Realty Income stock opened at $52.67 on Tuesday. The firm has a market capitalization of $38.13 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 3.94 and a beta of 0.94. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $56.26 and its 200 day moving average is $54.46. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $67.35.

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 dividend of $0.2565 per share. This represents a yield of 5.2%. The ex-dividend date is Wednesday, January 31st. Realty Income’s payout ratio is 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 that occurred on Monday, December 18th. The shares were sold at an average price of $56.98, for a total transaction of $199,430.00. Following the sale, the director now directly owns 10,590 shares of the company’s stock, valued at approximately $603,418.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of several recent research reports. Mizuho increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price for the company in a report on Wednesday, December 6th. Stifel Nicolaus reduced their target price on shares of Realty Income from $69.50 to $67.50 and set a “buy” rating for the company in a report on Tuesday, November 7th. Royal Bank of Canada increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Finally, BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a report on Wednesday, December 13th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $61.50.

View Our Latest Research Report on O

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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