WealthPLAN Partners LLC raised its holdings in Realty Income Co. (NYSE:O) by 24.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 175,037 shares of the real estate investment trust’s stock after purchasing an additional 34,580 shares during the period. WealthPLAN Partners LLC’s holdings in Realty Income were worth $10,668,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in O. CENTRAL TRUST Co grew its position in Realty Income by 49.2% in the third quarter. CENTRAL TRUST Co now owns 910 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 300 shares during the last quarter. MAI Capital Management bought a new position in Realty Income in the third quarter valued at about $653,000. Clear Harbor Asset Management LLC bought a new position in Realty Income in the third quarter valued at about $36,000. Foster Victor Wealth Advisors LLC grew its position in Realty Income by 1.0% in the third quarter. Foster Victor Wealth Advisors LLC now owns 82,541 shares of the real estate investment trust’s stock valued at $5,014,000 after acquiring an additional 788 shares during the last quarter. Finally, Ellevest Inc. grew its position in Realty Income by 44.7% in the third quarter. Ellevest Inc. now owns 1,819 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Several analysts have recently weighed in on O shares. Morgan Stanley boosted their price target on Realty Income from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, December 15th. The Goldman Sachs Group started coverage on Realty Income in a report on Friday, January 22nd. They set a “conviction-buy” rating on the stock. Finally, Robert W. Baird started coverage on Realty Income in a report on Wednesday, December 16th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Realty Income presently has a consensus rating of “Buy” and an average target price of $67.42.

O traded down $0.23 during trading on Tuesday, hitting $61.87. The company’s stock had a trading volume of 52,832 shares, compared to its average volume of 3,157,863. Realty Income Co. has a twelve month low of $38.00 and a twelve month high of $83.40. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average price is $60.22 and its 200-day moving average price is $61.21. The firm has a market capitalization of $23.10 billion, a P/E ratio of 51.32, a PEG ratio of 4.80 and a beta of 0.64.

Realty Income (NYSE:O) last issued its quarterly earnings results on Sunday, February 21st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.50). Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The business had revenue of $418.10 million during the quarter, compared to analyst estimates of $398.27 million. During the same period last year, the firm posted $0.39 earnings per share. Realty Income’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that Realty Income Co. will post 3.4 EPS for the current fiscal year.

The business also recently declared a feb 21 dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be given a $0.2345 dividend. This represents a yield of 4.5%. The ex-dividend date is Friday, February 26th. Realty Income’s payout ratio is currently 84.64%.

In other news, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction on Wednesday, December 16th. The stock was sold at an average price of $61.40, for a total transaction of $552,600.00. Following the completion of the transaction, the director now owns 9,757 shares in the company, valued at approximately $599,079.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Realty Income Profile

Realty Income, The Monthly Dividend Company<sup>®</sup>, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.

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

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