CIBC Asset Management Inc increased its holdings in Realty Income Corp (NYSE:O) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 58,442 shares of the real estate investment trust’s stock after acquiring an additional 2,479 shares during the period. CIBC Asset Management Inc’s holdings in Realty Income were worth $3,331,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Xact Kapitalforvaltning AB lifted its stake in Realty Income by 2.2% in the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock worth $3,300,000 after acquiring an additional 1,227 shares during the period. Wells Fargo & Company MN lifted its position in Realty Income by 7.0% during the third quarter. Wells Fargo & Company MN now owns 2,626,834 shares of the real estate investment trust’s stock valued at $150,228,000 after buying an additional 172,658 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Realty Income by 23.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock valued at $8,837,000 after buying an additional 30,444 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Realty Income by 5.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 698,690 shares of the real estate investment trust’s stock valued at $39,958,000 after buying an additional 34,478 shares during the period. Finally, California Public Employees Retirement System lifted its position in Realty Income by 8.7% during the third quarter. California Public Employees Retirement System now owns 559,855 shares of the real estate investment trust’s stock valued at $32,018,000 after buying an additional 44,816 shares during the period. 70.26% of the stock is owned by institutional investors.

In related news, SVP Joel Tomlinson sold 1,746 shares of Realty Income 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 completion of the sale, the senior vice president now directly owns 14,913 shares in the company, valued at approximately $841,838.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by company insiders.

Several equities analysts have commented on the company. B. Riley reissued a “neutral” rating on shares of Realty Income in a research report on Wednesday, November 1st. FBR & Co set a $56.00 price objective on Realty Income and gave the company a “hold” rating in a research report on Thursday, October 26th. 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 report on Thursday, October 19th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.09.

Realty Income Corp (NYSE O) opened at $48.92 on Thursday. Realty Income Corp has a twelve month low of $48.89 and a twelve month high of $63.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $13,780.00, a price-to-earnings ratio of 40.10, a PEG ratio of 3.63 and a beta of 0.14.

The business also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.219 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Realty Income’s previous feb 18 dividend of $0.21. This represents a dividend yield of 0.00413675859463544%. Realty Income’s dividend payout ratio (DPR) is presently 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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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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