Benjamin Edwards Inc. raised its holdings in Realty Income Corp (NYSE:O) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,570 shares of the real estate investment trust’s stock after acquiring an additional 170 shares during the quarter. Benjamin Edwards Inc.’s holdings in Realty Income were worth $189,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Realty Income by 5.3% during the 4th quarter. Victory Capital Management Inc. now owns 236,721 shares of the real estate investment trust’s stock worth $17,430,000 after purchasing an additional 11,844 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Realty Income by 1.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,166 shares of the real estate investment trust’s stock worth $1,411,000 after purchasing an additional 259 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Realty Income during the 4th quarter worth about $621,000. Novare Capital Management LLC increased its position in Realty Income by 1.2% during the 4th quarter. Novare Capital Management LLC now owns 77,315 shares of the real estate investment trust’s stock worth $5,693,000 after purchasing an additional 912 shares in the last quarter. Finally, ICW Investment Advisors LLC purchased a new stake in Realty Income during the 4th quarter worth about $1,769,000. Institutional investors and hedge funds own 74.59% of the company’s stock.
O opened at $80.25 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 62.21, a price-to-earnings-growth ratio of 6.21 and a beta of 0.07. The business has a 50-day moving average of $76.24 and a two-hundred day moving average of $75.66. Realty Income Corp has a 12 month low of $66.21 and a 12 month high of $82.17.
The firm also recently declared a feb 20 dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.2325 dividend. The ex-dividend date of this dividend is Friday, February 28th. Realty Income’s dividend payout ratio (DPR) is 87.46%.
A number of analysts recently commented on the company. Mizuho upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated a “hold” rating and set a $75.00 price objective on shares of Realty Income in a research report on Sunday, December 22nd. Citigroup upgraded Realty Income from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $87.00 in a research report on Thursday, December 12th. Finally, Raymond James upgraded Realty Income from a “market perform” rating to an “outperform” rating and set a $79.00 price objective for the company in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.82.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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