Barings LLC lowered its stake in shares of Realty Income Corp (NYSE:O) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 512,323 shares of the real estate investment trust’s stock after selling 12,160 shares during the quarter. Barings LLC owned approximately 0.18% of Realty Income worth $29,213,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in Realty Income by 18.8% during the 4th quarter. Sei Investments Co. now owns 240,311 shares of the real estate investment trust’s stock worth $13,702,000 after acquiring an additional 37,961 shares during the period. Krueger & Catalano Capital Partners LLC acquired a new position in Realty Income during the 4th quarter worth $675,000. Texas Yale Capital Corp. boosted its position in Realty Income by 35.0% during the 4th quarter. Texas Yale Capital Corp. now owns 35,347 shares of the real estate investment trust’s stock worth $2,015,000 after acquiring an additional 9,171 shares during the period. Accident Compensation Corp acquired a new position in Realty Income during the 4th quarter worth $285,000. Finally, LS Investment Advisors LLC boosted its position in Realty Income by 28.7% during the 4th quarter. LS Investment Advisors LLC now owns 12,228 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 2,726 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.
Shares of Realty Income Corp (O) opened at $48.68 on Tuesday. Realty Income Corp has a 12 month low of $47.25 and a 12 month 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 company has a market capitalization of $13,720.00, a price-to-earnings ratio of 39.90, a PEG ratio of 3.54 and a beta of 0.14.
The company also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.219 dividend. This represents a dividend yield of 0.00413675859463544%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Realty Income’s previous feb 18 dividend of $0.21. Realty Income’s payout ratio is currently 215.57%.
O has been the subject of a number of analyst reports. Raymond James Financial upgraded Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a research note on Wednesday, November 1st. Citigroup raised Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. B. Riley set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Realty Income has an average rating of “Hold” and a consensus target price of $64.09.
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Realty Income 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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