Axxcess Wealth Management LLC grew its position in shares of Realty Income Co. (NYSE:O – Free Report) by 16.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,824 shares of the real estate investment trust’s stock after buying an additional 545 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Realty Income were worth $242,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. boosted its holdings in Realty Income by 3.8% during the first quarter. Symphony Financial Ltd. Co. now owns 31,734 shares of the real estate investment trust’s stock worth $1,987,000 after buying an additional 1,151 shares in the last quarter. Adams Wealth Management grew its holdings in shares of Realty Income by 17.1% in the 1st quarter. Adams Wealth Management now owns 10,673 shares of the real estate investment trust’s stock worth $676,000 after acquiring an additional 1,562 shares during the period. Gyroscope Capital Management Group LLC raised its holdings in Realty Income by 10.2% during the first quarter. Gyroscope Capital Management Group LLC now owns 8,538 shares of the real estate investment trust’s stock worth $541,000 after purchasing an additional 788 shares during the last quarter. First National Bank of Omaha boosted its position in Realty Income by 1.6% during the first quarter. First National Bank of Omaha now owns 124,599 shares of the real estate investment trust’s stock worth $7,890,000 after purchasing an additional 1,942 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Realty Income by 17.2% in the first quarter. Bahl & Gaynor Inc. now owns 3,553,963 shares of the real estate investment trust’s stock valued at $225,037,000 after purchasing an additional 520,773 shares during the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.
Realty Income Price Performance
O opened at $61.47 on Monday. The company has a 50 day moving average of $60.54 and a two-hundred day moving average of $62.61. Realty Income Co. has a 52-week low of $55.50 and a 52-week high of $75.11. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.64. The company has a market cap of $41.38 billion, a P/E ratio of 43.29, a P/E/G ratio of 3.07 and a beta of 0.79.
Realty Income Announces Dividend
Analyst Ratings Changes
Several brokerages have issued reports on O. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus lifted their target price on shares of Realty Income from $71.00 to $71.25 in a research note on Thursday, May 4th. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price objective for the company in a research report on Wednesday, April 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $68.00 price target on shares of Realty Income in a report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.75.
Realty Income Company Profile
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 12,400 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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