Krilogy Financial LLC Takes Position in Realty Income Corporation $O

Krilogy Financial LLC bought a new stake in Realty Income Corporation (NYSE:O) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 9,649 shares of the real estate investment trust’s stock, valued at approximately $542,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. State Street Corp boosted its position in shares of Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the period. Geode Capital Management LLC grew its stake 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 worth $1,548,687,000 after buying an additional 2,058,031 shares during the last quarter. Raymond James Financial Inc. increased its position in Realty Income by 5.8% during the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after buying an additional 654,958 shares during the period. Finally, Norges Bank purchased a new stake in Realty Income in the second quarter valued at approximately $676,500,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 1.3%

Shares of NYSE:O opened at $65.65 on Friday. The company has a market cap of $60.39 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.88 and a beta of 0.79. The firm’s 50-day simple moving average is $59.43 and its 200-day simple moving average is $58.79. 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 fifty-two week low of $50.71 and a fifty-two week high of $66.28.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, January 30th. Realty Income’s payout ratio is currently 300.00%.

Analyst Ratings Changes

O has been the topic of a number of research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research report on Thursday, December 18th. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $60.00 to $67.00 in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Morgan Stanley raised their price target on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Wall Street Zen downgraded Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, February 3rd. Five 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, the stock presently has an average rating of “Hold” and a consensus price target of $63.21.

About Realty Income

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.