Sigma Planning Corp decreased its holdings in shares of Realty Income Corp (NYSE:O) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,968 shares of the real estate investment trust’s stock after selling 3,696 shares during the quarter. Sigma Planning Corp’s holdings in Realty Income were worth $2,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers raised its stake in shares of Realty Income by 10.2% in the second quarter. Cetera Investment Advisers now owns 5,416 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 500 shares during the last quarter. RNC Capital Management LLC raised its stake in shares of Realty Income by 9.8% in the second quarter. RNC Capital Management LLC now owns 5,614 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 500 shares during the last quarter. ETRADE Capital Management LLC raised its stake in shares of Realty Income by 5.7% in the third quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock valued at $952,000 after acquiring an additional 897 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Realty Income by 1.5% in the second quarter. Lord Abbett & CO. LLC now owns 61,100 shares of the real estate investment trust’s stock valued at $3,371,000 after acquiring an additional 900 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Realty Income by 2.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock valued at $2,103,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Shares of Realty Income Corp (O) opened at $48.90 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income Corp has a fifty-two week low of $47.42 and a fifty-two week high of $63.60. The company has a market cap of $13,779.31, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 3.54 and a beta of 0.14.

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

A number of research analysts have recently issued reports on the stock. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup upgraded shares of Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr upgraded shares of 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 Monday, November 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.09.

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Realty Income 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.

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

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