Cetera Investment Advisers Has $10.11 Million Stock Position in Realty Income Co. (NYSE:O)

Posted by on Jun 13th, 2023

Cetera Investment Advisers boosted its stake in Realty Income Co. (NYSE:O – Get Rating) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,340 shares of the real estate investment trust’s stock after purchasing an additional 59,919 shares during the quarter. Cetera Investment Advisers’ holdings in Realty Income were worth $10,107,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of O. Oregon Public Employees Retirement Fund raised its stake in Realty Income by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,407 shares of the real estate investment trust’s stock worth $3,007,000 after acquiring an additional 148 shares in the last quarter. Baldwin Brothers LLC MA boosted its position in Realty Income by 15.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,150 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 150 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Realty Income by 12.5% during the fourth quarter. Sandy Spring Bank now owns 1,346 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 150 shares during the last quarter. Flputnam Investment Management Co. grew its stake in shares of Realty Income by 1.5% during the fourth quarter. Flputnam Investment Management Co. now owns 10,662 shares of the real estate investment trust’s stock worth $676,000 after buying an additional 154 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Realty Income by 27.1% in the 4th quarter. Larson Financial Group LLC now owns 727 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 155 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on O shares. StockNews.com assumed coverage on Realty Income in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price objective for the company in a research note on Wednesday, April 12th. Mizuho dropped their price objective on shares of Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, March 9th. Royal Bank of Canada upped their price target on shares of Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Realty Income from $71.00 to $71.25 in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $71.47.

Realty Income Trading Up 0.1 %

Shares of O stock opened at $60.97 on Tuesday. The company has a market cap of $41.05 billion, a P/E ratio of 42.94, a PEG ratio of 3.02 and a beta of 0.80. Realty Income Co. has a fifty-two week low of $55.50 and a fifty-two week high of $75.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a 50 day simple moving average of $61.17 and a two-hundred day simple moving average of $63.31.

Realty Income Announces Dividend

The business also recently declared a may 23 dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.255 dividend. This represents a yield of 5.1%. The ex-dividend date is Wednesday, May 31st. Realty Income’s payout ratio is 215.49%.

Realty Income Company Profile

(Get Rating)

Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

Featured Stories

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 Co. (NYSE:O – Get Rating).

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.