Cibc World Market Inc. Has $29.58 Million Stock Position in Realty Income Corporation $O

Cibc World Market Inc. boosted its position in Realty Income Corporation (NYSE:O) by 47.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 486,557 shares of the real estate investment trust’s stock after buying an additional 155,947 shares during the quarter. Cibc World Market Inc. owned approximately 0.05% of Realty Income worth $29,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of O. Krilogy Financial LLC bought a new position in shares of Realty Income in the third quarter worth about $542,000. Westbourne Investments Inc. grew its holdings in Realty Income by 17.7% in the 3rd quarter. Westbourne Investments Inc. now owns 5,860 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 880 shares during the last quarter. Vision Financial Markets LLC grew its holdings in Realty Income by 1,823.6% in the 3rd quarter. Vision Financial Markets LLC now owns 23,102 shares of the real estate investment trust’s stock valued at $1,404,000 after buying an additional 21,901 shares during the last quarter. Center for Financial Planning Inc. increased its position in Realty Income by 8.5% in the 3rd quarter. Center for Financial Planning Inc. now owns 7,303 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 574 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Realty Income by 5.5% during the third quarter. Stratos Wealth Partners LTD. now owns 110,242 shares of the real estate investment trust’s stock worth $6,702,000 after buying an additional 5,740 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $64.51 on Thursday. The stock’s fifty day simple moving average is $59.15 and its 200 day simple moving average is $58.68. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.62. The firm has a market cap of $59.35 billion, a price-to-earnings ratio of 59.73, a P/E/G ratio of 3.78 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $0.27 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s payout ratio is 300.00%.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective 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. Barclays raised their price target on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Wells Fargo & Company lifted their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Morgan Stanley upped their price target on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $63.21.

Realty Income Company 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.