Realty Income Corp (O) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in Realty Income Corp (NYSE:O) by 28.7% during the fourth quarter, HoldingsChannel reports. The fund owned 6,609 shares of the real estate investment trust’s stock after purchasing an additional 1,475 shares during the quarter. Cetera Investment Advisers’ holdings in Realty Income were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of O. Shelton Capital Management bought a new position in Realty Income in the 2nd quarter worth about $209,000. Janus Henderson Group PLC grew its stake in Realty Income by 52.9% in the 2nd quarter. Janus Henderson Group PLC now owns 88,888 shares of the real estate investment trust’s stock worth $4,905,000 after acquiring an additional 30,742 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Realty Income by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 296,456 shares of the real estate investment trust’s stock worth $16,357,000 after acquiring an additional 15,398 shares in the last quarter. Toronto Dominion Bank grew its stake in Realty Income by 26.4% in the 2nd quarter. Toronto Dominion Bank now owns 92,434 shares of the real estate investment trust’s stock worth $5,099,000 after acquiring an additional 19,322 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in Realty Income by 1.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 61,100 shares of the real estate investment trust’s stock worth $3,371,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Shares of Realty Income Corp (NYSE O) opened at $48.10 on Thursday. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $63.60. The firm has a market cap of $13,804.67, a P/E ratio of 16.01, a PEG ratio of 3.55 and a beta of 0.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.

The firm also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.219 dividend. This represents a dividend yield of 0.00413675859463544%. The ex-dividend date is Wednesday, January 31st. This is a boost from Realty Income’s previous feb 18 dividend of $0.21. Realty Income’s dividend payout ratio is presently 215.57%.

O has been the subject of several research reports. B. Riley set a $56.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Raymond James Financial raised shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup raised shares of Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Realty Income has an average rating of “Hold” and an average price target of $64.09.

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

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