Sound Financial Strategies Group LLC trimmed its holdings in shares of Realty Income Co. (NYSE:O – Get Rating) by 29.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,310 shares of the real estate investment trust's stock after selling 6,777 shares during the period. Realty Income comprises 0.9% of Sound Financial Strategies Group LLC's holdings, making the stock its 21st largest position. Sound Financial Strategies Group LLC's holdings in Realty Income were worth $1,113,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. TFG Advisers LLC lifted its position in Realty Income by 1.1% during the first quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust's stock worth $851,000 after acquiring an additional 134 shares during the last quarter. Powers Advisory Group LLC lifted its position in Realty Income by 1.8% during the second quarter. Powers Advisory Group LLC now owns 8,208 shares of the real estate investment trust's stock worth $560,000 after acquiring an additional 148 shares during the last quarter. Camden Capital LLC lifted its position in Realty Income by 1.1% during the first quarter. Camden Capital LLC now owns 14,126 shares of the real estate investment trust's stock worth $979,000 after acquiring an additional 159 shares during the last quarter. IHT Wealth Management LLC lifted its position in Realty Income by 0.7% during the first quarter. IHT Wealth Management LLC now owns 23,943 shares of the real estate investment trust's stock worth $1,659,000 after acquiring an additional 159 shares during the last quarter. Finally, First Affirmative Financial Network lifted its position in Realty Income by 2.2% during the first quarter. First Affirmative Financial Network now owns 8,432 shares of the real estate investment trust's stock worth $584,000 after acquiring an additional 180 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
Several research analysts have recently commented on the stock. StockNews.com cut shares of Realty Income from a "hold" rating to a "sell" rating in a report on Thursday, September 1st. Morgan Stanley decreased their price objective on shares of Realty Income from $77.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group began coverage on shares of Realty Income in a research note on Wednesday, June 22nd. They issued an "outperform" rating and a $75.00 price objective on the stock. Jefferies Financial Group decreased their price objective on shares of Realty Income from $81.00 to $78.00 in a research note on Thursday, June 30th. Finally, Raymond James decreased their price objective on shares of Realty Income from $78.00 to $68.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $75.14.
Realty Income Price Performance
Realty Income stock traded up $0.92 during mid-day trading on Tuesday, reaching $60.14. The company had a trading volume of 106,049 shares, compared to its average volume of 5,200,517. Realty Income Co. has a fifty-two week low of $57.61 and a fifty-two week high of $75.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.60. The company has a market cap of $36.18 billion, a P/E ratio of 55.87, a P/E/G ratio of 3.77 and a beta of 0.78. The business has a fifty day simple moving average of $68.48 and a 200 day simple moving average of $68.71.
Realty Income Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.248 per share. The ex-dividend date is Friday, September 30th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 1.65%. Realty Income's dividend payout ratio (DPR) is presently 281.13%.
About Realty Income
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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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
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