Private Advisor Group LLC raised its holdings in shares of Realty Income Corporation (NYSE:O) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,391 shares of the real estate investment trust’s stock after purchasing an additional 1,771 shares during the quarter. Private Advisor Group LLC’s holdings in Realty Income were worth $3,076,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in O. ING Groep NV bought a new position in Realty Income during the second quarter valued at $219,000. Great West Life Assurance Co. Can lifted its position in Realty Income by 3.5% during the second quarter. Great West Life Assurance Co. Can now owns 224,936 shares of the real estate investment trust’s stock valued at $12,394,000 after purchasing an additional 7,504 shares during the last quarter. Bessemer Group Inc. lifted its position in Realty Income by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 652 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in Realty Income by 13.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 21,219 shares of the real estate investment trust’s stock valued at $1,171,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Korea Investment CORP lifted its position in Realty Income by 6,533.1% during the second quarter. Korea Investment CORP now owns 65,800 shares of the real estate investment trust’s stock valued at $3,631,000 after purchasing an additional 64,808 shares during the last quarter. Institutional investors and hedge funds own 70.04% of the company’s stock.
Realty Income Corporation (NYSE O) traded down $0.12 during mid-day trading on Wednesday, reaching $55.22. 1,735,900 shares of the company traded hands, compared to its average volume of 1,753,224. The stock has a market cap of $15,594.00, a P/E ratio of 18.08, a PEG ratio of 4.54 and a beta of 0.29. Realty Income Corporation has a 52 week low of $52.85 and a 52 week high of $63.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78.
The business also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.212 dividend. This represents a yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 30th. Realty Income’s dividend payout ratio is presently 208.20%.
Several research firms have recently issued reports on O. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a report on Monday, November 20th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of Realty Income in a report on Wednesday, November 1st. Capital One Financial restated an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a report on Wednesday, November 1st. Finally, FBR & Co set a $56.00 target price on shares of Realty Income and gave the stock a “hold” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.09.
In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $56.45, for a total transaction of $98,561.70. Following the transaction, the senior vice president now directly owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. Insiders sold a total of 10,549 shares of company stock worth $593,646 in the last ninety days. 0.30% of the stock is currently owned by insiders.
Realty Income Company Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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