Essex Financial Services Inc. cut its stake in Realty Income Corp (NYSE:O) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,763 shares of the real estate investment trust’s stock after selling 1,312 shares during the quarter. Essex Financial Services Inc.’s holdings in Realty Income were worth $671,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Realty Income by 10.2% during the 2nd quarter. Cetera Investment Advisers now owns 5,416 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 500 shares in the last quarter. RNC Capital Management LLC increased its stake in Realty Income by 9.8% during the 2nd quarter. RNC Capital Management LLC now owns 5,614 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 500 shares in the last quarter. ETRADE Capital Management LLC increased its stake in Realty Income by 5.7% during the 3rd quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock worth $952,000 after purchasing an additional 897 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Realty Income by 1.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 61,100 shares of the real estate investment trust’s stock worth $3,371,000 after purchasing an additional 900 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Realty Income by 2.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock worth $2,103,000 after purchasing an additional 900 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Realty Income Corp (NYSE O) opened at $48.90 on Monday. Realty Income Corp has a 12-month low of $47.42 and a 12-month high of $63.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $13,779.31, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 3.54 and a beta of 0.14.

The company also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.219 per share. The ex-dividend date is Wednesday, January 31st. This represents a yield of 0.00413675859463544%. This is an increase from Realty Income’s previous feb 18 dividend of $0.21. Realty Income’s dividend payout ratio is 215.57%.

O has been the subject of a number of research reports. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research note on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price on shares of Realty Income in a research note on Wednesday, November 1st. Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. Finally, FBR & Co set a $56.00 target price on Realty Income and gave the stock a “hold” rating in a research note on Thursday, October 26th. One investment 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $64.09.

COPYRIGHT VIOLATION NOTICE: “Realty Income Corp (O) Stake Lowered by Essex Financial Services Inc.” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://theolympiareport.com/2018/02/12/realty-income-corp-o-stake-lowered-by-essex-financial-services-inc.html.

Realty Income Company Profile

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corp (NYSE:O).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.