Wedbush Securities Inc. Boosts Stake in Realty Income Corporation $O

Wedbush Securities Inc. raised its holdings in shares of Realty Income Corporation (NYSE:O) by 46.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,031 shares of the real estate investment trust’s stock after buying an additional 14,603 shares during the period. Wedbush Securities Inc.’s holdings in Realty Income were worth $2,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heartwood Wealth Advisors LLC purchased a new position in Realty Income during the 3rd quarter valued at $29,000. Avion Wealth lifted its position in shares of Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in shares of Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Realty Income during the second quarter valued at $31,000. Finally, Country Trust Bank grew its holdings in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on O. Barclays lifted 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. Morgan Stanley boosted their price target on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Cantor Fitzgerald dropped their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Finally, Royal Bank Of Canada upped their target price on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $63.21.

Realty Income Stock Up 0.5%

Realty Income stock opened at $64.81 on Friday. The business has a fifty day moving average of $59.28 and a two-hundred day moving average of $58.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a market cap of $59.62 billion, a P/E ratio of 60.01, a P/E/G ratio of 3.81 and a beta of 0.79. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $66.28.

Realty Income Dividend Announcement

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

Realty Income Company 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.