Realty Income Corp (NYSE:O) Stock Holdings Decreased by Gamble Jones Investment Counsel

Gamble Jones Investment Counsel lowered its stake in Realty Income Corp (NYSE:O) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 19,282 shares of the real estate investment trust’s stock after selling 1,407 shares during the period. Gamble Jones Investment Counsel’s holdings in Realty Income were worth $1,479,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Berman Capital Advisors LLC grew its position in shares of Realty Income by 62.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Weaver Consulting Group bought a new stake in shares of Realty Income during the 2nd quarter valued at about $29,000. Liberty Wealth Management LLC grew its position in shares of Realty Income by 102.7% during the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 225 shares during the last quarter. Asset Dedication LLC grew its position in shares of Realty Income by 182.7% during the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 316 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Realty Income during the 2nd quarter valued at about $34,000. 71.01% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on O shares. Royal Bank of Canada set a $75.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research report on Friday, October 18th. Deutsche Bank assumed coverage on shares of Realty Income in a research report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 target price for the company. Stifel Nicolaus upped their target price on shares of Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, October 15th. Finally, ValuEngine cut shares of Realty Income from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Realty Income has an average rating of “Buy” and a consensus target price of $79.60.

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In other news, CFO Paul M. Meurer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the sale, the chief financial officer now directly owns 30,468 shares of the company’s stock, valued at approximately $2,295,154.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director A. Larry Chapman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total transaction of $600,720.00. Following the completion of the sale, the director now directly owns 14,757 shares of the company’s stock, valued at $1,108,103.13. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

NYSE O traded down $1.25 on Friday, hitting $76.32. The stock had a trading volume of 1,932,262 shares, compared to its average volume of 1,837,161. Realty Income Corp has a one year low of $59.93 and a one year high of $82.17. The company has a quick ratio of 1.23, a current ratio of 2.45 and a debt-to-equity ratio of 0.76. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 6.14 and a beta of 0.04. The company’s 50-day moving average is $78.54 and its two-hundred day moving average is $72.99.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.51). Realty Income had a return on equity of 4.61% and a net margin of 27.30%. The firm had revenue of $374.20 million during the quarter, compared to the consensus estimate of $369.86 million. During the same quarter last year, the company posted $0.34 EPS. Realty Income’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Corp will post 3.29 earnings per share for the current year.

The business also recently declared a nov 19 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.227 dividend. The ex-dividend date of this dividend is Thursday, October 31st. Realty Income’s dividend payout ratio is currently 85.27%.

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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Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp (NYSE:O).

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

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