Cleararc Capital Inc. cut its stake in shares of Realty Income Corporation (NYSE:O) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,290 shares of the company’s stock after selling 32 shares during the period. Cleararc Capital Inc.’s holdings in Realty Income Corporation were worth $362,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of O. Evercore Wealth Management LLC increased its stake in Realty Income Corporation by 7.7% in the second quarter. Evercore Wealth Management LLC now owns 5,006 shares of the company’s stock worth $348,000 after buying an additional 360 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Realty Income Corporation by 14.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 136,281 shares of the company’s stock worth $9,452,000 after buying an additional 17,288 shares during the last quarter. California State Teachers Retirement System increased its stake in Realty Income Corporation by 3.0% in the second quarter. California State Teachers Retirement System now owns 561,661 shares of the company’s stock worth $38,957,000 after buying an additional 16,414 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Realty Income Corporation by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 4,079,708 shares of the company’s stock worth $273,055,000 after buying an additional 22,517 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Realty Income Corporation by 273.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 271,914 shares of the company’s stock worth $18,199,000 after buying an additional 199,128 shares during the last quarter. Institutional investors own 68.62% of the company’s stock.
Shares of Realty Income Corporation (NYSE:O) traded down 1.74% during trading on Tuesday, hitting $60.55. 616,037 shares of the stock traded hands. The firm has a 50 day moving average price of $59.26 and a 200-day moving average price of $61.35. The company has a market cap of $15.66 billion, a PE ratio of 54.85 and a beta of 0.37. Realty Income Corporation has a one year low of $52.72 and a one year high of $72.30.
The company also recently disclosed a feb 17 dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a dividend of $0.2105 per share. This represents a yield of 4.23%. This is an increase from Realty Income Corporation’s previous feb 17 dividend of $0.20. The ex-dividend date of this dividend is Monday, January 30th. Realty Income Corporation’s dividend payout ratio is presently 230.00%.
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Several analysts recently issued reports on O shares. Zacks Investment Research upgraded Realty Income Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, October 18th. Wunderlich lowered their price target on Realty Income Corporation from $60.00 to $54.00 and set a “sell” rating for the company in a report on Monday, October 31st. Stifel Nicolaus lowered their price target on Realty Income Corporation from $70.00 to $65.00 and set a “buy” rating for the company in a report on Monday, November 14th. Bank of America Corporation downgraded Realty Income Corporation from a “buy” rating to a “neutral” rating in a report on Monday, December 5th. Finally, Morgan Stanley upgraded Realty Income Corporation from an “equal weight” rating to an “overweight” rating in a report on Monday, December 12th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Realty Income Corporation currently has a consensus rating of “Hold” and a consensus target price of $63.01.
Realty Income Corporation Company Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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