Accurate Wealth Management LLC Sells 21,390 Shares of Realty Income Co. (NYSE:O)

Accurate Wealth Management LLC trimmed its stake in shares of Realty Income Co. (NYSE:O – Get Rating) by 46.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,719 shares of the real estate investment trust’s stock after selling 21,390 shares during the period. Accurate Wealth Management LLC’s holdings in Realty Income were worth $1,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of Realty Income by 365.0% in the 2nd quarter. Deutsche Bank AG now owns 4,642,870 shares of the real estate investment trust’s stock valued at $316,922,000 after acquiring an additional 3,644,372 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Realty Income by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 98,517,484 shares of the real estate investment trust’s stock worth $5,733,718,000 after purchasing an additional 2,692,028 shares during the last quarter. State Street Corp boosted its holdings in shares of Realty Income by 3.9% in the 2nd quarter. State Street Corp now owns 47,212,193 shares of the real estate investment trust’s stock valued at $3,234,013,000 after buying an additional 1,784,464 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Realty Income in the third quarter valued at $68,951,000. Finally, Legal & General Group Plc increased its holdings in Realty Income by 15.9% during the second quarter. Legal & General Group Plc now owns 8,023,583 shares of the real estate investment trust’s stock worth $547,690,000 after buying an additional 1,100,581 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Realty Income Price Performance

NYSE:O traded down $1.05 during trading hours on Friday, reaching $61.38. 7,068,409 shares of the company were exchanged, compared to its average volume of 3,570,337. The business has a 50 day moving average of $65.62 and a 200 day moving average of $63.81. Realty Income Co. has a 1-year low of $55.50 and a 1-year high of $75.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $40.54 billion, a P/E ratio of 43.23, a P/E/G ratio of 5.16 and a beta of 0.79.

Realty Income (NYSE:O – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The company had revenue of $888.65 million during the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. Research analysts forecast that Realty Income Co. will post 4.09 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 23 dividend, which will be paid on Friday, April 14th. Investors of record on Monday, April 3rd will be paid a $0.255 dividend. This represents a yield of 4.8%. This is a positive change from Realty Income’s previous mar 23 dividend of $0.25. The ex-dividend date of this dividend is Friday, March 31st. Realty Income’s payout ratio is currently 215.49%.

Analysts Set New Price Targets

A number of analysts have commented on O shares. Royal Bank of Canada increased their price target on shares of Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Mizuho reduced their target price on Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. Raymond James cut Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. BNP Paribas began coverage on shares of Realty Income in a research report on Tuesday, January 17th. They set a “neutral” rating and a $72.00 price objective for the company. Finally, StockNews.com assumed coverage on shares of Realty Income in a research report on Thursday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.00.

Realty Income Company Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.