ABN Amro Investment Solutions Sells 28,106 Shares of Realty Income Corporation $O

ABN Amro Investment Solutions reduced its stake in Realty Income Corporation (NYSE:O) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,203,268 shares of the real estate investment trust’s stock after selling 28,106 shares during the period. Realty Income makes up about 1.5% of ABN Amro Investment Solutions’ holdings, making the stock its 15th largest holding. ABN Amro Investment Solutions owned 0.13% of Realty Income worth $73,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $29,000. Avion Wealth raised its position in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Strengthening Families & Communities LLC grew its holdings in 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 worth $30,000 after purchasing an additional 422 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Realty Income in the 2nd quarter worth about $31,000. Finally, Country Trust Bank lifted its position in Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on O shares. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, January 20th. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $60.00 to $67.00 in a research note on Friday, January 30th. Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, February 3rd. Morgan Stanley lifted their target price on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $63.21.

Realty Income Stock Performance

O opened at $65.65 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $66.28. The firm has a fifty day moving average price of $59.43 and a 200 day moving average price of $58.79. The stock has a market cap of $60.39 billion, a P/E ratio of 60.79, a P/E/G ratio of 3.88 and a beta of 0.79.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. Realty Income’s payout ratio is currently 300.00%.

Realty Income Company Profile

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.