Ronna Sue Cohen Sells 171 Shares of Realty Income Corp (O)

Ronna Sue Cohen trimmed its stake in shares of Realty Income Corp (NYSE:O) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,393 shares of the real estate investment trust’s stock after selling 171 shares during the quarter. Realty Income makes up about 2.5% of Ronna Sue Cohen’s portfolio, making the stock its 8th largest holding. Ronna Sue Cohen’s holdings in Realty Income were worth $3,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in O. Patriot Financial Group Insurance Agency LLC grew its holdings in Realty Income by 43.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC grew its holdings in Realty Income by 4.1% during the 4th quarter. Advisory Services Network LLC now owns 4,463 shares of the real estate investment trust’s stock worth $282,000 after acquiring an additional 174 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in Realty Income by 4.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 4,147 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 183 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Realty Income by 2.8% during the 4th quarter. Global Retirement Partners LLC now owns 6,795 shares of the real estate investment trust’s stock worth $428,000 after acquiring an additional 184 shares during the last quarter. Finally, Kaizen Advisory LLC grew its holdings in Realty Income by 30.2% during the 4th quarter. Kaizen Advisory LLC now owns 797 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.

A number of research firms have weighed in on O. Stifel Nicolaus boosted their target price on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Wells Fargo & Co upped their price objective on shares of Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. They noted that the move was a valuation call. Finally, Citigroup set a $70.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, February 26th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.55.

O opened at $68.24 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.35 and a current ratio of 1.35. Realty Income Corp has a 1-year low of $51.17 and a 1-year high of $74.14. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 5.11 and a beta of 0.16.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.43). Realty Income had a return on equity of 7.65% and a net margin of 28.70%. The business had revenue of $354.40 million for the quarter, compared to analyst estimates of $335.37 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Corp will post 3.3 earnings per share for the current year.

The firm also recently disclosed a may 19 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.226 per share. This is an increase from Realty Income’s previous may 19 dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 3.96%. Realty Income’s dividend payout ratio is presently 84.95%.

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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 5,700 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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