DnB Asset Management AS Has $5.95 Million Holdings in Realty Income Co. (NYSE:O)

DnB Asset Management AS raised its holdings in shares of Realty Income Co. (NYSE:OGet Rating) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,104 shares of the real estate investment trust’s stock after buying an additional 3,699 shares during the quarter. DnB Asset Management AS’s holdings in Realty Income were worth $5,946,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TFG Advisers LLC raised its stake in shares of Realty Income by 1.1% in the first quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 134 shares in the last quarter. Camden Capital LLC raised its stake in shares of Realty Income by 1.1% in the first quarter. Camden Capital LLC now owns 14,126 shares of the real estate investment trust’s stock valued at $979,000 after purchasing an additional 159 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Realty Income by 0.7% in the first quarter. IHT Wealth Management LLC now owns 23,943 shares of the real estate investment trust’s stock valued at $1,659,000 after purchasing an additional 159 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of Realty Income by 2.2% in the first quarter. First Affirmative Financial Network now owns 8,432 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 180 shares in the last quarter. Finally, MUFG Americas Holdings Corp raised its stake in shares of Realty Income by 30.3% in the first quarter. MUFG Americas Holdings Corp now owns 782 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 182 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 1.4 %

Shares of NYSE O opened at $64.31 on Monday. Realty Income Co. has a 1-year low of $62.28 and a 1-year high of $75.40. The company has a market cap of $38.69 billion, a PE ratio of 60.67, a P/E/G ratio of 4.17 and a beta of 0.73. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $70.46 and a two-hundred day moving average of $69.05.

Realty Income Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on O. Credit Suisse Group began coverage on Realty Income in a research note on Wednesday, June 22nd. They issued an “outperform” rating and a $75.00 target price for the company. Raymond James cut their price target on shares of Realty Income from $82.00 to $78.00 and set an “outperform” rating for the company in a report 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 price target for the company. in a report on Monday, May 23rd. Jefferies Financial Group cut their price target on shares of Realty Income from $81.00 to $78.00 in a report on Thursday, June 30th. Finally, Morgan Stanley cut their price target on shares of Realty Income from $77.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $76.57.

Realty Income Company Profile

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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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