HighTower Advisors LLC Raises Stock Holdings in Realty Income Corporation $O

HighTower Advisors LLC raised its position in shares of Realty Income Corporation (NYSE:OFree Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 386,118 shares of the real estate investment trust’s stock after purchasing an additional 16,617 shares during the quarter. HighTower Advisors LLC’s holdings in Realty Income were worth $23,472,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Crescent Sterling Ltd. increased its holdings in Realty Income by 4.1% in the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 176 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 177 shares during the period. Gold Investment Management Ltd. raised its holdings in shares of Realty Income by 0.3% during the third quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock worth $3,445,000 after purchasing an additional 182 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Realty Income by 21.3% during the third quarter. Hantz Financial Services Inc. now owns 1,097 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 193 shares during the period. Finally, HBK Sorce Advisory LLC lifted its position in Realty Income by 1.3% during the third quarter. HBK Sorce Advisory LLC now owns 15,578 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 195 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Realty Income

Here are the key news stories impacting Realty Income this week:

Realty Income Trading Down 2.1%

Shares of O stock opened at $65.12 on Thursday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $66.74. The company has a market cap of $59.90 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 3.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a 50 day simple moving average of $59.95 and a 200-day simple moving average of $58.98.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.27 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is 300.00%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on O shares. Royal Bank Of Canada lifted their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $60.00 to $67.00 in a research report on Friday, January 30th. Cantor Fitzgerald cut their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $63.21.

Get Our Latest Analysis on O

Realty Income Profile

(Free Report)

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.

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

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