Realty Income Co. (NYSE:O) Position Increased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC grew its holdings in shares of Realty Income Co. (NYSE:OFree Report) by 4,294.8% during the third quarter, Holdings Channel reports. The firm owned 142,700 shares of the real estate investment trust’s stock after purchasing an additional 139,453 shares during the period. WealthPlan Investment Management LLC’s holdings in Realty Income were worth $7,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Modera Wealth Management LLC acquired a new position in Realty Income in the 2nd quarter valued at $281,000. Portside Wealth Group LLC acquired a new position in Realty Income in the 2nd quarter valued at $695,000. Dynamic Advisor Solutions LLC grew its stake in Realty Income by 6.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 403 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Realty Income by 0.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 385,741 shares of the real estate investment trust’s stock valued at $23,063,000 after buying an additional 1,612 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in Realty Income by 8.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 141,176 shares of the real estate investment trust’s stock valued at $8,441,000 after buying an additional 10,425 shares during the last quarter. Institutional investors own 78.82% of the company’s stock.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 3,500 shares of Realty Income stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.98, for a total transaction of $199,430.00. Following the completion of the transaction, the director now directly owns 10,590 shares of the company’s stock, valued at approximately $603,418.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

O has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price on the stock in a research note on Wednesday, December 13th. Stifel Nicolaus decreased their price target on shares of Realty Income from $69.50 to $67.50 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Scotiabank lowered shares of Realty Income from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $61.00 to $54.00 in a research report on Monday, October 16th. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.91.

Read Our Latest Stock Report on O

Realty Income Price Performance

Shares of Realty Income stock opened at $52.75 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 1.55. The firm’s 50-day simple moving average is $56.32 and its 200-day simple moving average is $54.65. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $67.35. The firm has a market cap of $38.19 billion, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 3.98 and a beta of 0.94.

Realty Income Dividend Announcement

The company also recently declared a feb 24 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.2565 per share. This represents a yield of 5.2%. The ex-dividend date is Wednesday, January 31st. Realty Income’s dividend payout ratio is currently 233.33%.

About Realty Income

(Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.

Recommended Stories

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:OFree Report).

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

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.