Koshinski Asset Management Inc. trimmed its stake in shares of Realty Income Corp (NYSE:O) by 20.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,469 shares of the real estate investment trust’s stock after selling 1,120 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Realty Income were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Investors Research Corp acquired a new stake in shares of Realty Income in the 1st quarter valued at approximately $27,000. Cornerstone Advisors Inc. boosted its holdings in Realty Income by 245.9% in the first quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 268 shares during the last quarter. Cascade Investment Advisors Inc. boosted its holdings in Realty Income by 900.0% in the first quarter. Cascade Investment Advisors Inc. now owns 400 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 360 shares during the last quarter. Somerset Trust Co boosted its holdings in Realty Income by 192.3% in the first quarter. Somerset Trust Co now owns 456 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new position in Realty Income in the first quarter valued at $37,000. 69.08% of the stock is owned by institutional investors.
O has been the subject of several research analyst reports. ValuEngine lowered Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley upped their target price on Realty Income from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Zacks Investment Research lowered Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Citigroup set a $74.00 target price on Realty Income and gave the company a “hold” rating in a report on Tuesday, June 11th. Finally, Capital One Financial upgraded Realty Income from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $66.89.
Shares of NYSE O opened at $72.21 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80. Realty Income Corp has a twelve month low of $55.55 and a twelve month high of $74.14. The company’s fifty day moving average is $70.16 and its 200-day moving average is $70.42. The stock has a market cap of $23.00 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 5.98 and a beta of 0.12.
Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. Realty Income had a net margin of 27.86% and a return on equity of 7.14%. The firm had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. During the same period in the previous year, the business earned $0.34 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Corp will post 3.29 EPS for the current fiscal year.
The company also recently disclosed a aug 19 dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.2265 dividend. The ex-dividend date of this dividend was Wednesday, July 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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