TCG Advisors LP Sells 3,800 Shares of Realty Income Corp (NYSE:O)

TCG Advisors LP reduced its position in Realty Income Corp (NYSE:O) by 86.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 600 shares of the real estate investment trust’s stock after selling 3,800 shares during the quarter. TCG Advisors LP’s holdings in Realty Income were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Cornerstone Advisors Inc. raised its holdings in Realty Income by 245.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 377 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 268 shares during the last quarter. Berman Capital Advisors LLC raised its holdings in Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Weaver Consulting Group purchased a new stake in shares of Realty Income in the 2nd quarter worth about $29,000. Liberty Wealth Management LLC lifted its position in shares of Realty Income by 102.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 225 shares during the period. Finally, Asset Dedication LLC lifted its position in shares of Realty Income by 182.7% in the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 70.76% of the company’s stock.

In other Realty Income news, Director A. Larry Chapman sold 8,000 shares of Realty Income stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total transaction of $600,720.00. Following the completion of the transaction, the director now owns 14,757 shares in the company, valued at $1,108,103.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on O shares. Standpoint Research boosted their price target on shares of Realty Income to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus raised their price objective on shares of Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. ValuEngine lowered shares of Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank began coverage on Realty Income in a research report on Tuesday, August 27th. They set a “hold” rating and a $73.00 price objective on the stock. Finally, Citigroup set a $74.00 target price on Realty Income and gave the stock a “hold” rating in a report on Tuesday, June 11th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.30.

Shares of NYSE:O traded down $0.24 during midday trading on Wednesday, reaching $73.46. The company’s stock had a trading volume of 114,780 shares, compared to its average volume of 1,252,419. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $72.28 and a 200-day moving average of $70.98. The firm has a market capitalization of $23.45 billion, a P/E ratio of 22.96, a PEG ratio of 5.91 and a beta of 0.08. Realty Income Corp has a 12-month low of $55.55 and a 12-month high of $76.73.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. Realty Income had a net margin of 27.86% and a return on equity of 4.79%. Realty Income’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, research analysts predict that Realty Income Corp will post 3.29 EPS for the current year.

The firm also recently announced a aug 19 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.2265 per share. The ex-dividend date of this dividend is Friday, August 30th. Realty Income’s payout ratio is 85.27%.

About Realty Income

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.

See Also: Liquidity

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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