ING Groep NV purchased a new stake in shares of Realty Income Corp (NYSE:O) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,593 shares of the real estate investment trust’s stock, valued at approximately $433,000.
A number of other large investors also recently added to or reduced their stakes in the business. ETRADE Capital Management LLC grew its holdings in Realty Income by 5.7% during the third quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 897 shares during the period. Lord Abbett & CO. LLC grew its holdings in Realty Income by 1.5% during the second quarter. Lord Abbett & CO. LLC now owns 61,100 shares of the real estate investment trust’s stock valued at $3,371,000 after purchasing an additional 900 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Realty Income by 2.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock valued at $2,103,000 after purchasing an additional 900 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of Realty Income by 21.9% in the third quarter. Eqis Capital Management Inc. now owns 5,174 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 928 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of Realty Income by 2.1% in the third quarter. Sigma Planning Corp now owns 45,664 shares of the real estate investment trust’s stock worth $2,612,000 after acquiring an additional 929 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.
O has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a research note on Wednesday, November 1st. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research note on Monday, November 20th. Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Finally, FBR & Co set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Realty Income currently has an average rating of “Hold” and a consensus price target of $64.09.
Realty Income Corp (NYSE O) opened at $49.96 on Monday. The firm has a market capitalization of $14,080.00, a PE ratio of 40.95, a PEG ratio of 3.62 and a beta of 0.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. Realty Income Corp has a one year low of $47.25 and a one year high of $63.60.
The firm also recently disclosed a mar 18 dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.219 dividend. The ex-dividend date is Wednesday, February 28th. Realty Income’s dividend payout ratio (DPR) is 215.57%.
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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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