Alpha Cubed Investments LLC Sells 216 Shares of Realty Income Corp (NYSE:O)

Alpha Cubed Investments LLC cut its stake in shares of Realty Income Corp (NYSE:O) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,944 shares of the real estate investment trust’s stock after selling 216 shares during the period. Alpha Cubed Investments LLC’s holdings in Realty Income were worth $1,131,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of O. Vanguard Group Inc. increased its position in Realty Income by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 45,658,463 shares of the real estate investment trust’s stock worth $2,597,510,000 after purchasing an additional 539,460 shares during the last quarter. Vanguard Group Inc increased its position in Realty Income by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 45,658,463 shares of the real estate investment trust’s stock worth $2,597,510,000 after purchasing an additional 539,460 shares during the last quarter. BlackRock Inc. increased its position in Realty Income by 8.8% in the 3rd quarter. BlackRock Inc. now owns 32,996,152 shares of the real estate investment trust’s stock worth $1,877,150,000 after purchasing an additional 2,678,465 shares during the last quarter. Deutsche Bank AG increased its position in Realty Income by 400.9% in the 3rd quarter. Deutsche Bank AG now owns 4,477,781 shares of the real estate investment trust’s stock worth $254,736,000 after purchasing an additional 3,583,907 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Realty Income by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,290,354 shares of the real estate investment trust’s stock worth $244,072,000 after purchasing an additional 100,254 shares during the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of O stock opened at $69.58 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. Realty Income Corp has a 12 month low of $47.78 and a 12 month high of $70.48. The company has a market capitalization of $20.47 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 4.57 and a beta of 0.23.

The company also recently disclosed a feb 19 dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.2255 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a dividend yield of 4.18%. This is an increase from Realty Income’s previous feb 19 dividend of $0.22. Realty Income’s dividend payout ratio (DPR) is currently 88.56%.

Several analysts have recently issued reports on the company. ValuEngine upgraded Realty Income from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Royal Bank of Canada increased their target price on Realty Income from $57.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 6th. Zacks Investment Research downgraded Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Citigroup upgraded Realty Income from a “sell” rating to a “neutral” rating and increased their target price for the company from $56.00 to $67.00 in a research note on Wednesday, December 12th. Finally, Bank of America upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Thursday, November 15th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Realty Income currently has a consensus rating of “Hold” and an average price target of $59.00.

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Realty Income Company 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 5,600 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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