Koshinski Asset Management Inc. bought a new position in Realty Income Corp (NYSE:O) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,019 shares of the real estate investment trust’s stock, valued at approximately $286,000.
Several other institutional investors have also recently modified their holdings of O. San Francisco Sentry Investment Group CA grew its holdings in shares of Realty Income by 500.0% in 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 purchasing an additional 1,500 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Realty Income in the third quarter worth approximately $130,000. FNY Managed Accounts LLC bought a new position in shares of Realty Income in the third quarter worth approximately $137,000. BB&T Investment Services Inc. bought a new position in shares of Realty Income in the second quarter worth approximately $194,000. Finally, MEMBERS Trust Co bought a new position in shares of Realty Income in the third quarter worth approximately $200,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.
Realty Income Corp (NYSE O) opened at $53.14 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $14,970.00, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 4.00 and a beta of 0.29. Realty Income Corp has a 52-week low of $52.60 and a 52-week high of $63.60.
The company also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.219 per share. The ex-dividend date is Wednesday, January 31st. This represents a yield of 0.00413675859463544%. This is a positive change from Realty Income’s previous feb 18 dividend of $0.21. Realty Income’s dividend payout ratio (DPR) is currently 209.02%.
O has been the topic of several recent analyst reports. Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 price target on shares of Realty Income in a report on Wednesday, November 1st. 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. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a report on Wednesday, November 1st. Finally, FBR & Co set a $56.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $64.09.
In other news, SVP Joel Tomlinson sold 1,746 shares of Realty Income stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the transaction, the senior vice president now owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Paul M. Meurer sold 5,603 shares of Realty Income stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
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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