Court Place Advisors LLC Buys 4,350 Shares of Realty Income Corp (O)
Court Place Advisors LLC increased its stake in shares of Realty Income Corp (NYSE:O) by 44.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,130 shares of the real estate investment trust’s stock after acquiring an additional 4,350 shares during the quarter. Court Place Advisors LLC’s holdings in Realty Income were worth $806,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in O. IFG Advisory LLC purchased a new position in Realty Income in the fourth quarter worth $323,000. BTIM Corp. lifted its position in shares of Realty Income by 1.8% during the 4th quarter. BTIM Corp. now owns 57,950 shares of the real estate investment trust’s stock valued at $3,305,000 after buying an additional 1,025 shares during the last quarter. Tarbox Family Office Inc. lifted its position in shares of Realty Income by 3.2% during the 4th quarter. Tarbox Family Office Inc. now owns 113,031 shares of the real estate investment trust’s stock valued at $6,445,000 after buying an additional 3,469 shares during the last quarter. Advisor Partners LLC lifted its position in shares of Realty Income by 43.0% during the 4th quarter. Advisor Partners LLC now owns 7,027 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 2,112 shares during the last quarter. Finally, Townsend & Associates Inc purchased a new position in shares of Realty Income during the 4th quarter valued at $1,294,000. Institutional investors and hedge funds own 70.23% of the company’s stock.
A number of research analysts have recently commented on the company. B. Riley set a $56.00 price target on Realty Income and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Raymond James Financial raised Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup raised Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.09.
The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.219 per share. This is a boost from Realty Income’s previous feb 18 dividend of $0.21. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a yield of 0.00413675859463544%. Realty Income’s dividend payout ratio is 209.02%.
In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the transaction, the senior vice president now directly owns 14,913 shares in the company, valued at approximately $841,838.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
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About Realty Income
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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