Clearstead Trust LLC Acquires 33,618 Shares of Realty Income Corporation $O

Clearstead Trust LLC lifted its holdings in Realty Income Corporation (NYSE:OFree Report) by 1,398.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,022 shares of the real estate investment trust’s stock after purchasing an additional 33,618 shares during the quarter. Clearstead Trust LLC’s holdings in Realty Income were worth $2,190,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Heartwood Wealth Advisors LLC bought a new stake in Realty Income during the 3rd quarter worth about $29,000. Strengthening Families & Communities LLC increased its position in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Realty Income during the second quarter worth about $31,000. Country Trust Bank raised its holdings in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Realty Income during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Cantor Fitzgerald dropped their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.21.

View Our Latest Stock Analysis on Realty Income

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

Realty Income Trading Up 0.9%

Shares of Realty Income stock opened at $66.10 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The business has a fifty day simple moving average of $60.29 and a two-hundred day simple moving average of $59.12. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $66.74. The company has a market capitalization of $60.80 billion, a price-to-earnings ratio of 61.20, a P/E/G ratio of 3.91 and a beta of 0.79.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Realty Income’s dividend payout ratio is 300.00%.

Realty Income Company Profile

(Free Report)

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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

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