Realty Income Corporation (O) Holding Reduced by Rand Wealth LLC

Realty Income Corporation (O) Holding Reduced by Rand Wealth LLC

Rand Wealth LLC lowered its position in Realty Income Corporation (NYSE:O) by 25.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,026 shares of the company’s stock after selling 27,291 shares during the period. Rand Wealth LLC’s holdings in Realty Income Corporation were worth $5,356,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Janus Capital Management LLC raised its stake in shares of Realty Income Corporation by 304.8% in the second quarter. Janus Capital Management LLC now owns 2,174,113 shares of the company’s stock valued at $150,797,000 after buying an additional 1,637,045 shares during the period. PGGM Investments raised its stake in shares of Realty Income Corporation by 71.7% in the third quarter. PGGM Investments now owns 2,993,289 shares of the company’s stock valued at $200,341,000 after buying an additional 1,250,120 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Realty Income Corporation by 580.4% in the second quarter. Nuveen Asset Management LLC now owns 1,349,426 shares of the company’s stock valued at $93,596,000 after buying an additional 1,151,096 shares during the period. BlackRock Fund Advisors raised its stake in shares of Realty Income Corporation by 12.5% in the second quarter. BlackRock Fund Advisors now owns 9,283,036 shares of the company’s stock valued at $643,871,000 after buying an additional 1,032,768 shares during the period. Finally, Tobam raised its stake in shares of Realty Income Corporation by 119.3% in the second quarter. Tobam now owns 881,223 shares of the company’s stock valued at $61,122,000 after buying an additional 479,401 shares during the period. 68.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Realty Income Corporation (NYSE:O) opened at 59.63 on Wednesday. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $72.30. The stock has a 50 day moving average price of $58.10 and a 200 day moving average price of $62.01. The stock has a market capitalization of $15.42 billion, a P/E ratio of 54.01 and a beta of 0.37.

The business also recently declared a feb 17 dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a dividend of $0.2105 per share. This represents a dividend yield of 4.23%. This is a boost from Realty Income Corporation’s previous feb 17 dividend of $0.20. The ex-dividend date is Monday, January 30th. Realty Income Corporation’s dividend payout ratio is presently 230.00%.

O has been the topic of several research analyst reports. Vetr lowered Realty Income Corporation from a “buy” rating to a “hold” rating and set a $64.82 price target on the stock. in a research report on Tuesday, October 4th. Zacks Investment Research lowered Realty Income Corporation from a “buy” rating to a “hold” rating in a report on Saturday, October 29th. Bank of America Corporation lowered Realty Income Corporation from a “buy” rating to a “neutral” rating in a report on Monday, December 5th. Mizuho initiated coverage on Realty Income Corporation in a report on Thursday, October 13th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, Morgan Stanley upgraded Realty Income Corporation from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Realty Income Corporation currently has a consensus rating of “Hold” and a consensus target price of $62.35.

About Realty Income Corporation

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

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