CVA Family Office LLC Buys 290 Shares of Realty Income Co. (NYSE:O)

CVA Family Office LLC lifted its stake in shares of Realty Income Co. (NYSE:OGet Rating) by 33.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,169 shares of the real estate investment trust’s stock after acquiring an additional 290 shares during the quarter. CVA Family Office LLC’s holdings in Realty Income were worth $80,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in O. Advisor Resource Council bought a new position in shares of Realty Income during the fourth quarter worth about $290,000. Ensign Peak Advisors Inc increased its holdings in Realty Income by 265.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 142,643 shares of the real estate investment trust’s stock worth $10,213,000 after purchasing an additional 103,609 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Realty Income in the fourth quarter worth approximately $4,748,000. O Shaughnessy Asset Management LLC increased its holdings in Realty Income by 139.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,732 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 4,499 shares in the last quarter. Finally, True North Advisors LLC bought a new stake in Realty Income in the fourth quarter worth approximately $251,000. 81.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on O. Credit Suisse Group began coverage on Realty Income in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $75.00 target price for the company. Morgan Stanley lowered their target price on Realty Income from $77.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. StockNews.com downgraded Realty Income from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Wolfe Research downgraded Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 target price for the company. in a report on Monday, May 23rd. Finally, Raymond James reduced their price objective on Realty Income from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.57.

Realty Income Stock Down 0.5 %

Shares of NYSE:O opened at $63.97 on Tuesday. The stock has a market cap of $38.48 billion, a price-to-earnings ratio of 60.35, a PEG ratio of 4.17 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.60. Realty Income Co. has a 12-month low of $62.28 and a 12-month high of $75.40. The business’s 50 day moving average is $70.46 and its 200 day moving average is $69.07.

Realty Income Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be given a dividend of $0.248 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.99 annualized dividend and a dividend yield of 1.55%. Realty Income’s payout ratio is 280.19%.

Realty Income Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:OGet Rating).

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

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