Zeke Capital Advisors LLC lifted its stake in Realty Income Corp (NYSE:O) by 148.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,520 shares of the real estate investment trust’s stock after acquiring an additional 8,685 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Realty Income were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA increased its position in Realty Income by 500.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 1,500 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Realty Income during the third quarter worth $130,000. JFS Wealth Advisors LLC increased its position in Realty Income by 77.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 997 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in Realty Income during the third quarter worth $137,000. Finally, Wolverine Asset Management LLC acquired a new position in Realty Income during the fourth quarter worth $158,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Realty Income Corp (O) opened at $51.47 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. Realty Income Corp has a fifty-two week low of $47.25 and a fifty-two week high of $62.31. The stock has a market cap of $14,536.32, a PE ratio of 46.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.22.
The business also recently announced a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be paid a $0.2195 dividend. This represents a dividend yield of 5.15%. The ex-dividend date is Thursday, March 29th. This is a boost from Realty Income’s previous apr 18 dividend of $0.22. Realty Income’s dividend payout ratio (DPR) is presently 236.94%.
In related news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total value of $114,687.64. Following the completion of the sale, the executive vice president now owns 17,531 shares in the company, valued at $883,387.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.
O has been the subject of a number of recent analyst reports. Mizuho restated a “hold” rating and set a $53.00 price target on shares of Realty Income in a report on Friday, March 2nd. Stifel Nicolaus decreased their price target on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. B. Riley set a $56.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, February 22nd. Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Finally, Citigroup upgraded shares of Realty Income to a “market perform” rating in a report on Wednesday, December 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $62.08.
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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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