ProVise Management Group LLC lessened its stake in Realty Income Corp (NYSE:O) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,835 shares of the real estate investment trust’s stock after selling 1,265 shares during the quarter. ProVise Management Group LLC’s holdings in Realty Income were worth $1,929,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA boosted its holdings in shares of Realty Income by 500.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,500 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of Realty Income in the third quarter worth $130,000. JFS Wealth Advisors LLC lifted its position in shares of Realty Income by 77.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 997 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Realty Income in the third quarter worth $137,000. Finally, MEMBERS Trust Co bought a new stake in shares of Realty Income in the third quarter worth $200,000. Institutional investors own 70.21% of the company’s stock.
Shares of Realty Income Corp (NYSE:O) opened at $48.99 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income Corp has a 1 year low of $47.25 and a 1 year high of $63.60. The stock has a market cap of $13,717.31, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 3.53 and a beta of 0.14.
A number of analysts have recently commented on O shares. B. Riley set a $56.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research report on Monday, December 4th. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a research report on Wednesday, November 1st. FBR & Co set a $56.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Raymond James Financial raised shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Finally, Citigroup raised 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, eight have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.09.
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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