Wedbush Securities Inc. Raises Stock Position in Realty Income Corporation $O

Wedbush Securities Inc. increased its position in shares of Realty Income Corporation (NYSE:O) by 46.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,031 shares of the real estate investment trust’s stock after acquiring an additional 14,603 shares during the quarter. Wedbush Securities Inc.’s holdings in Realty Income were worth $2,798,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Realty Income during the second quarter worth $676,500,000. Vanguard Group Inc. grew its stake in Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares during the last quarter. Geode Capital Management LLC increased its position in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after buying an additional 2,058,031 shares in the last quarter. Schroder Investment Management Group increased its position in Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after buying an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions purchased a new stake in Realty Income in the second quarter valued at about $70,939,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Mizuho dropped their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wall Street Zen lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, February 3rd. Cantor Fitzgerald lowered their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Barclays boosted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $63.21.

Realty Income Trading Up 0.5%

Shares of Realty Income stock opened at $64.81 on Friday. The stock has a market cap of $59.62 billion, a PE ratio of 60.01, a price-to-earnings-growth ratio of 3.81 and a beta of 0.79. The firm has a fifty day moving average price of $59.28 and a 200 day moving average price of $58.72. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $66.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.27 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is 300.00%.

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.