Pathstone Family Office LLC Reduces Position in Realty Income Co. (NYSE:O)

Pathstone Family Office LLC cut its holdings in shares of Realty Income Co. (NYSE:O – Get Rating) by 22.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,606 shares of the real estate investment trust’s stock after selling 3,319 shares during the period. Pathstone Family Office LLC’s holdings in Realty Income were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of O. Smith Moore & CO. boosted its position in Realty Income by 31.2% in the second quarter. Smith Moore & CO. now owns 5,266 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,251 shares during the last quarter. Insight Folios Inc raised its stake in shares of Realty Income by 4.1% in the third quarter. Insight Folios Inc now owns 90,686 shares of the real estate investment trust’s stock worth $5,278,000 after buying an additional 3,587 shares during the period. IFP Advisors Inc raised its stake in shares of Realty Income by 5.1% in the third quarter. IFP Advisors Inc now owns 22,312 shares of the real estate investment trust’s stock worth $965,000 after buying an additional 1,077 shares during the period. Mirabella Financial Services LLP bought a new position in shares of Realty Income in the third quarter worth about $484,000. Finally, AMG National Trust Bank raised its stake in shares of Realty Income by 183.6% in the third quarter. AMG National Trust Bank now owns 15,030 shares of the real estate investment trust’s stock worth $874,000 after buying an additional 9,730 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE:O opened at $62.79 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Co. has a 1 year low of $55.50 and a 1 year high of $75.40. The stock’s 50 day simple moving average is $65.74 and its two-hundred day simple moving average is $63.94. The company has a market cap of $41.47 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 5.01 and a beta of 0.79.

Realty Income (NYSE:O – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The company had revenue of $888.65 million during the quarter, compared to analysts’ expectations of $840.57 million. Realty Income had a return on equity of 3.14% and a net margin of 26.00%. Realty Income’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. As a group, equities analysts anticipate that Realty Income Co. will post 4.09 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a feb 23 dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.2545 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a yield of 4.5%. This is a boost from Realty Income’s previous feb 23 dividend of $0.25. Realty Income’s payout ratio is presently 214.79%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BNP Paribas assumed coverage on Realty Income in a research note on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price objective on the stock. StockNews.com downgraded Realty Income from a “hold” rating to a “sell” rating in a research note on Friday, February 24th. Royal Bank of Canada raised their price objective on Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Raymond James downgraded Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, Mizuho decreased their target price on Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $72.00.

Realty Income 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.