New Hampshire Trust Trims Stock Holdings in Realty Income Co. (NYSE:O)

New Hampshire Trust decreased its stake in Realty Income Co. (NYSE:O) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,393 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. New Hampshire Trust’s holdings in Realty Income were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Sandy Spring Bank boosted its stake in shares of Realty Income by 12.5% in the fourth quarter. Sandy Spring Bank now owns 1,346 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 150 shares during the period. Harbour Investments Inc. boosted its stake in Realty Income by 2.8% during the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 160 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Realty Income by 5.0% during the first quarter. Los Angeles Capital Management LLC now owns 3,488 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 165 shares during the last quarter. Procyon Advisors LLC boosted its stake in Realty Income by 2.5% during the first quarter. Procyon Advisors LLC now owns 7,058 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 170 shares during the last quarter. Finally, City State Bank boosted its stake in Realty Income by 8.2% during the first quarter. City State Bank now owns 2,297 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 174 shares during the last quarter. Institutional investors own 78.82% of the company’s stock.

Realty Income Trading Down 1.9 %

Shares of NYSE O traded down $1.02 during midday trading on Friday, hitting $54.10. The company’s stock had a trading volume of 18,363,013 shares, compared to its average volume of 5,231,589. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $58.45 and its two-hundred day moving average is $60.31. Realty Income Co. has a 12-month low of $53.98 and a 12-month high of $68.85. The firm has a market cap of $38.35 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79.

Realty Income Increases Dividend

The firm also recently declared a oct 23 dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be issued a $0.256 dividend. This represents a dividend yield of 5.6%. This is an increase from Realty Income’s previous oct 23 dividend of $0.26. The ex-dividend date is Friday, September 29th. Realty Income’s dividend payout ratio is presently 229.10%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research reports. StockNews.com initiated coverage on Realty Income in a research note on Saturday, August 19th. They set a “sell” rating for the company. Royal Bank of Canada dropped their price target on Realty Income from $68.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Citigroup dropped their price target on Realty Income from $65.00 to $61.50 and set a “neutral” rating for the company in a research note on Tuesday, August 29th. TheStreet lowered Realty Income from a “b-” rating to a “c+” rating in a research note on Wednesday, August 23rd. Finally, Robert W. Baird restated a “neutral” rating and set a $69.00 price objective on shares of Realty Income in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.18.

About Realty Income

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 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients.