Financial Advocates Investment Management bought a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,527 shares of the real estate investment trust’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nationwide Fund Advisors raised its position in shares of Realty Income by 1.7% during the third quarter. Nationwide Fund Advisors now owns 76,978 shares of the real estate investment trust’s stock valued at $4,402,000 after buying an additional 1,290 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Realty Income by 2.2% during the third quarter. New York State Common Retirement Fund now owns 612,200 shares of the real estate investment trust’s stock valued at $35,012,000 after buying an additional 13,000 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Realty Income during the third quarter valued at approximately $212,000. DekaBank Deutsche Girozentrale raised its position in shares of Realty Income by 5.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 17,979 shares of the real estate investment trust’s stock valued at $1,115,000 after buying an additional 972 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Realty Income by 1.7% during the third quarter. Comerica Bank now owns 91,546 shares of the real estate investment trust’s stock valued at $4,959,000 after buying an additional 1,521 shares during the last quarter. Institutional investors own 70.95% of the company’s stock.

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O stock opened at $50.48 on Wednesday. Realty Income Co. has a fifty-two week low of $47.25 and a fifty-two week high of $62.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $14,630.12, a price-to-earnings ratio of 45.48, a P/E/G ratio of 3.92 and a beta of 0.22.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The firm had revenue of $298.90 million during the quarter, compared to analyst estimates of $301.53 million. During the same period last year, the firm posted $0.33 earnings per share. Realty Income’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts predict that Realty Income Co. will post 3.16 EPS for the current year.

The firm also recently announced a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This is a positive change from Realty Income’s previous apr 18 dividend of $0.22. This represents a dividend yield of 5.15%. Realty Income’s dividend payout ratio (DPR) is 236.94%.

Several equities research analysts have recently issued reports on the stock. Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research report on Friday, March 2nd. Stifel Nicolaus reduced their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. B. Riley set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research report on Thursday, February 22nd. Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Finally, Citigroup upgraded shares of Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $62.08.

In related news, EVP Benjamin N. Fox sold 2,276 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total value of $114,687.64. Following the completion of the transaction, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at $883,387.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

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Realty Income Company Profile

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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