Rafferty Asset Management LLC Sells 6,659 Shares of Realty Income Corp (O)

Rafferty Asset Management LLC trimmed its stake in Realty Income Corp (NYSE:O) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,064 shares of the real estate investment trust’s stock after selling 6,659 shares during the period. Rafferty Asset Management LLC’s holdings in Realty Income were worth $4,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cypress Wealth Services LLC grew its holdings in Realty Income by 18.0% during the 3rd quarter. Cypress Wealth Services LLC now owns 5,681 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 866 shares during the period. Glen Harbor Capital Management LLC grew its holdings in Realty Income by 4.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 24,582 shares of the real estate investment trust’s stock worth $1,322,000 after acquiring an additional 952 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Realty Income by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 379,244 shares of the real estate investment trust’s stock worth $21,575,000 after acquiring an additional 1,162 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Realty Income by 0.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 130,702 shares of the real estate investment trust’s stock worth $7,030,000 after acquiring an additional 1,177 shares during the period. Finally, RB Capital Management LLC grew its holdings in Realty Income by 8.8% during the 2nd quarter. RB Capital Management LLC now owns 14,601 shares of the real estate investment trust’s stock worth $785,000 after acquiring an additional 1,183 shares during the period. Institutional investors and hedge funds own 68.15% of the company’s stock.

A number of equities analysts have recently issued reports on O shares. Mizuho set a $58.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research report on Monday, August 13th. ValuEngine raised shares of Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Bank of America increased their price objective on shares of Realty Income from $53.50 to $57.50 and gave the stock a “neutral” rating in a research report on Monday, August 13th. Zacks Investment Research cut shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada increased their price objective on shares of Realty Income from $57.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 6th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.83.

O stock opened at $63.40 on Friday. The stock has a market cap of $18.77 billion, a PE ratio of 20.72, a P/E/G ratio of 4.29 and a beta of -0.01. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. Realty Income Corp has a 1 year low of $47.25 and a 1 year high of $64.56.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The company had revenue of $338.08 million for the quarter, compared to analysts’ expectations of $319.60 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Realty Income Corp will post 3.16 EPS for the current fiscal year.

The firm also recently declared a nov 18 dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be given a $0.2205 dividend. The ex-dividend date is Friday, November 30th. This represents a yield of 4.14%. Realty Income’s payout ratio is 86.60%.

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Realty Income Profile

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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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