Creative Financial Designs Inc. ADV Sells 788 Shares of Realty Income Co. (NYSE:O)

Posted by Defense World Staff on Jul 12th, 2023

Creative Financial Designs Inc. ADV trimmed its position in Realty Income Co. (NYSE:O – Free Report) by 17.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,708 shares of the real estate investment trust’s stock after selling 788 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Realty Income were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $25,000. Creative Capital Management Investments LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $28,000. Phocas Financial Corp. purchased a new stake in shares of Realty Income during the 4th quarter valued at approximately $32,000. Larson Financial Group LLC lifted its stake in shares of Realty Income by 27.1% during the 4th quarter. Larson Financial Group LLC now owns 727 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 155 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of Realty Income during the 1st quarter valued at approximately $50,000. 80.52% of the stock is owned by institutional investors.

Realty Income Stock Performance

Realty Income stock opened at $60.50 on Wednesday. The firm’s fifty day moving average price is $60.43 and its 200-day moving average price is $62.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $40.73 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. Realty Income Co. has a fifty-two week low of $55.50 and a fifty-two week high of $75.11.

Realty Income Announces Dividend

The business also recently disclosed a jul 23 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.2555 per share. The ex-dividend date of this dividend is Monday, July 31st. Realty Income’s dividend payout ratio (DPR) is currently 216.20%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Realty Income from $71.00 to $71.25 in a research note on Thursday, May 4th. StockNews.com started coverage on shares of Realty Income in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 target price on the stock in a research note on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.04.

Realty Income Company Profile

(Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 12,200 real estate properties primarily owned under long-term net lease agreements with commercial clients.