Krilogy Financial LLC Takes Position in Realty Income Corporation $O

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

Several other institutional investors have also recently added to or reduced their stakes in the stock. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter worth $29,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the period. Strengthening Families & Communities LLC lifted its stake in Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Realty Income during the 2nd quarter worth about $31,000. Finally, Country Trust Bank boosted its holdings in Realty Income by 806.5% during the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $65.65 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $59.43 and a 200-day simple moving average of $58.79. The stock has a market cap of $60.39 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.79. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $66.28.

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald reduced their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Barclays boosted their price target on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Mizuho reduced their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently 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.