Moors & Cabot Inc. increased its holdings in shares of Realty Income Co. (NYSE:O – Get Rating) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,516 shares of the real estate investment trust’s stock after buying an additional 1,470 shares during the quarter. Moors & Cabot Inc.’s holdings in Realty Income were worth $1,352,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Realty Income in the first quarter valued at about $30,000. Rinkey Investments acquired a new position in shares of Realty Income during the fourth quarter worth about $32,000. Riverview Trust Co bought a new position in shares of Realty Income during the first quarter worth about $34,000. Finally, Credit Agricole S A acquired a new stake in Realty Income in the 4th quarter valued at approximately $36,000. 81.57% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Morgan Stanley reduced their price objective on shares of Realty Income from $77.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Raymond James lowered their target price on Realty Income from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday. Credit Suisse Group began coverage on Realty Income in a research report on Wednesday, June 22nd. They set an “outperform” rating and a $75.00 price target for the company. Finally, Jefferies Financial Group lowered their price target on Realty Income from $81.00 to $78.00 in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $76.57.
Realty Income Price Performance
Realty Income Dividend Announcement
The firm also recently declared a sep 22 dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.2475 dividend. The ex-dividend date is Wednesday, August 31st. Realty Income’s dividend payout ratio (DPR) is presently 280.19%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
- Get a free copy of the StockNews.com research report on Realty Income (O)
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