SG Americas Securities LLC raised its position in shares of Realty Income Corp (NYSE:O) by 52.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,028 shares of the real estate investment trust’s stock after buying an additional 22,387 shares during the period. SG Americas Securities LLC’s holdings in Realty Income were worth $3,708,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Texas Permanent School Fund boosted its position in shares of Realty Income by 1.3% during the fourth quarter. Texas Permanent School Fund now owns 76,925 shares of the real estate investment trust’s stock worth $4,386,000 after buying an additional 971 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Realty Income during the fourth quarter worth $323,000. Strs Ohio boosted its position in shares of Realty Income by 5.9% during the fourth quarter. Strs Ohio now owns 408,636 shares of the real estate investment trust’s stock worth $23,300,000 after buying an additional 22,778 shares during the period. APG Asset Management US Inc. boosted its position in shares of Realty Income by 36.5% during the fourth quarter. APG Asset Management US Inc. now owns 2,882,000 shares of the real estate investment trust’s stock worth $164,332,000 after buying an additional 770,700 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Realty Income by 14.5% during the fourth quarter. First Manhattan Co. now owns 42,689 shares of the real estate investment trust’s stock worth $2,434,000 after buying an additional 5,415 shares during the period. Institutional investors and hedge funds own 70.23% of the company’s stock.
In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the sale, the senior vice president now directly owns 14,913 shares in the company, valued at $841,838.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were 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. Company insiders own 0.30% of the company’s stock.
The business also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.219 dividend. The ex-dividend date is Wednesday, January 31st. This is a positive change from Realty Income’s previous feb 18 dividend of $0.21. This represents a yield of 0.00413675859463544%. Realty Income’s dividend payout ratio (DPR) is 209.02%.
A number of research analysts recently issued reports on O shares. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a report on Thursday, October 19th. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. FBR & Co set a $56.00 target price on Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. 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 stock. The company presently has an average rating of “Hold” and an average target price of $64.09.
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Realty Income Company Profile
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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