Aberdeen Group plc Purchases 184,305 Shares of Realty Income Corporation $O

Aberdeen Group plc raised its position in shares of Realty Income Corporation (NYSE:O) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,944,954 shares of the real estate investment trust’s stock after acquiring an additional 184,305 shares during the quarter. Aberdeen Group plc owned about 0.21% of Realty Income worth $117,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Balboa Wealth Partners bought a new stake in Realty Income in the third quarter valued at $262,000. Naviter Wealth LLC grew its stake in shares of Realty Income by 9.0% in the 3rd quarter. Naviter Wealth LLC now owns 61,434 shares of the real estate investment trust’s stock valued at $3,735,000 after buying an additional 5,096 shares during the period. Ameritas Advisory Services LLC increased its position in Realty Income by 157.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 24,090 shares of the real estate investment trust’s stock valued at $1,464,000 after buying an additional 14,717 shares in the last quarter. Metis Global Partners LLC raised its stake in Realty Income by 28.5% during the 3rd quarter. Metis Global Partners LLC now owns 234,151 shares of the real estate investment trust’s stock worth $14,234,000 after buying an additional 51,947 shares during the period. Finally, Assetmark Inc. raised its stake in Realty Income by 4.2% during the 3rd quarter. Assetmark Inc. now owns 84,363 shares of the real estate investment trust’s stock worth $5,128,000 after buying an additional 3,364 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Mizuho cut their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Wall Street Zen cut Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $63.21.

Realty Income Stock Up 1.3%

O opened at $65.65 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $66.28. The company’s 50-day moving average price is $59.43 and its two-hundred day moving average price is $58.79. The stock has a market cap of $60.39 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.88 and a beta of 0.79. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is 300.00%.

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.