Wealthfront Advisers LLC Grows Position in Realty Income Corporation $O

Wealthfront Advisers LLC grew its position in Realty Income Corporation (NYSE:O) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,298 shares of the real estate investment trust’s stock after acquiring an additional 8,816 shares during the quarter. Wealthfront Advisers LLC’s holdings in Realty Income were worth $15,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Crescent Sterling Ltd. raised its stake in Realty Income by 4.1% during the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Realty Income by 10.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 177 shares during the last quarter. Gold Investment Management Ltd. raised its position in shares of Realty Income by 0.3% during the 3rd quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock valued at $3,445,000 after buying an additional 182 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Realty Income by 21.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,097 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 193 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of Realty Income by 1.3% in the 3rd quarter. HBK Sorce Advisory LLC now owns 15,578 shares of the real estate investment trust’s stock valued at $926,000 after acquiring an additional 195 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

O opened at $63.92 on Wednesday. The business has a fifty day moving average of $59.02 and a 200 day moving average of $58.63. The stock has a market cap of $58.80 billion, a P/E ratio of 59.19, a PEG ratio of 3.73 and a beta of 0.79. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.14.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a $0.27 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 20th. Royal Bank Of Canada lifted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald cut their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $60.00 to $67.00 in a research note on Friday, January 30th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.21.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.