BI Asset Management Fondsmaeglerselskab A S Purchases 45,326 Shares of Realty Income Corporation $O

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 133.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,281 shares of the real estate investment trust’s stock after buying an additional 45,326 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Realty Income were worth $4,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in O. Heartwood Wealth Advisors LLC purchased a new position in Realty Income in the third quarter worth $29,000. Avion Wealth raised its position in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the period. Strengthening Families & Communities LLC grew its stake in shares of Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Realty Income during the second quarter valued at about $31,000. Finally, Country Trust Bank increased its holdings in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE:O opened at $63.27 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $58.78 and its 200 day simple moving average is $58.55. The stock has a market cap of $58.20 billion, a P/E ratio of 58.58, a price-to-earnings-growth ratio of 3.74 and a beta of 0.79. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $63.90.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 5.1%. Realty Income’s payout ratio is currently 300.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays increased their target price on Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, January 20th. Morgan Stanley lifted their target price on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $63.21.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.