Spearhead Capital Advisors LLC lowered its stake in Realty Income Co. (NYSE:O – Get Rating) by 90.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,007 shares of the real estate investment trust's stock after selling 245,821 shares during the quarter. Realty Income accounts for about 1.7% of Spearhead Capital Advisors LLC's portfolio, making the stock its 15th biggest holding. Spearhead Capital Advisors LLC's holdings in Realty Income were worth $1,572,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in O. Wagner Wealth Management LLC acquired a new stake in Realty Income in the 2nd quarter valued at $25,000. Old North State Trust LLC acquired a new stake in Realty Income in the 3rd quarter valued at $47,000. Riverview Trust Co grew its stake in Realty Income by 90.5% in the 3rd quarter. Riverview Trust Co now owns 924 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 439 shares during the period. Vectors Research Management LLC grew its stake in Realty Income by 21.3% in the 2nd quarter. Vectors Research Management LLC now owns 854 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 150 shares during the period. Finally, HHM Wealth Advisors LLC grew its stake in Realty Income by 169.3% in the 3rd quarter. HHM Wealth Advisors LLC now owns 1,212 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 762 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.
Get Realty Income alerts:Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on O shares. BNP Paribas started coverage on shares of Realty Income in a research note on Tuesday, January 17th. They set a "neutral" rating and a $72.00 target price on the stock. Mizuho lifted their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a "neutral" rating in a research note on Thursday, December 8th. Raymond James cut shares of Realty Income from an "outperform" rating to a "market perform" rating in a research note on Monday, January 9th. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Friday, January 13th. Finally, Morgan Stanley lowered their target price on shares of Realty Income from $76.00 to $74.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $72.00.
Realty Income Stock Down 0.4 %
NYSE O opened at $67.59 on Friday. Realty Income Co. has a 52 week low of $55.50 and a 52 week high of $75.40. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.61. The business's fifty day simple moving average is $64.89 and its 200-day simple moving average is $65.37. The firm has a market cap of $42.39 billion, a PE ratio of 63.17, a P/E/G ratio of 5.23 and a beta of 0.80.Realty Income Announces Dividend
The business also recently declared a jan 23 dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be issued a dividend of $0.2485 per share. The ex-dividend date is Tuesday, January 31st. This represents a dividend yield of 4.5%. Realty Income's dividend payout ratio is presently 278.50%.
Realty Income Company Profile
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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.
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