AdvisorNet Financial Inc Sells 646 Shares of Realty Income Co. (NYSE:O)

AdvisorNet Financial Inc lessened its position in shares of Realty Income Co. (NYSE:OGet Rating) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,134 shares of the real estate investment trust’s stock after selling 646 shares during the period. AdvisorNet Financial Inc’s holdings in Realty Income were worth $1,033,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of Realty Income during the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Realty Income during the 1st quarter worth about $30,000. Rinkey Investments acquired a new position in shares of Realty Income during the 4th quarter worth about $32,000. Riverview Trust Co acquired a new position in shares of Realty Income during the 1st quarter worth about $34,000. Finally, Credit Agricole S A acquired a new position in shares of Realty Income during the 4th quarter worth about $36,000. Institutional investors own 81.57% of the company’s stock.

Realty Income Trading Up 1.4 %

Shares of O stock opened at $64.31 on Friday. The firm has a 50 day moving average price of $70.46 and a two-hundred day moving average price of $69.03. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $38.69 billion, a PE ratio of 60.67, a price-to-earnings-growth ratio of 4.17 and a beta of 0.73. Realty Income Co. has a 12-month low of $62.28 and a 12-month high of $75.40.

Realty Income Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.248 per share. The ex-dividend date is Friday, September 30th. This represents a $0.99 annualized dividend and a yield of 1.54%. Realty Income’s dividend payout ratio (DPR) is presently 280.19%.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. StockNews.com downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Raymond James reduced their price objective on shares of Realty Income from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday, September 6th. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 target price for the company. in a research note on Monday, May 23rd. Jefferies Financial Group cut their target price on shares of Realty Income from $81.00 to $78.00 in a research note on Thursday, June 30th. Finally, Credit Suisse Group assumed coverage on shares of Realty Income in a research note on Wednesday, June 22nd. They issued an “outperform” rating and a $75.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.57.

About Realty Income

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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.

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

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