Edgemoor Investment Advisors Inc. Acquires 12,722 Shares of Realty Income Corporation $O

Edgemoor Investment Advisors Inc. increased its holdings in Realty Income Corporation (NYSE:O) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,718 shares of the real estate investment trust’s stock after buying an additional 12,722 shares during the quarter. Realty Income accounts for about 0.9% of Edgemoor Investment Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Edgemoor Investment Advisors Inc.’s holdings in Realty Income were worth $11,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the last quarter. Bison Wealth LLC bought a new position in Realty Income in the 4th quarter worth $571,000. Empowered Funds LLC lifted its position in Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,330 shares in the last quarter. Woodline Partners LP grew its holdings in Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after purchasing an additional 3,290 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on O. Barclays raised their price objective on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Wells Fargo & Company upped their price target on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, February 3rd. Finally, Morgan Stanley lifted their target price on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.21.

Realty Income Trading Down 0.2%

Shares of O opened at $63.10 on Tuesday. The firm has a market cap of $58.05 billion, a P/E ratio of 58.43, a price-to-earnings-growth ratio of 3.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $63.90. The company has a 50 day simple moving average of $58.90 and a two-hundred day simple moving average of $58.59.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, January 30th. Realty Income’s payout ratio is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.