Phocas Financial Corp. purchased a new position in shares of Realty Income Co. (NYSE:O – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 500 shares of the real estate investment trust's stock, valued at approximately $32,000.

A number of other large investors have also added to or reduced their stakes in the stock. RB Capital Management LLC grew its position in Realty Income by 6.1% during the fourth quarter. RB Capital Management LLC now owns 22,072 shares of the real estate investment trust's stock worth $1,400,000 after buying an additional 1,273 shares in the last quarter. Butensky & Cohen Financial Security Inc. lifted its stake in Realty Income by 63.4% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 68,765 shares of the real estate investment trust's stock worth $4,362,000 after purchasing an additional 26,672 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in Realty Income during the fourth quarter worth $472,000. Signature Wealth Management Group lifted its stake in Realty Income by 0.8% during the fourth quarter. Signature Wealth Management Group now owns 56,670 shares of the real estate investment trust's stock worth $3,595,000 after purchasing an additional 476 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in Realty Income by 28.6% during the fourth quarter. Brookstone Capital Management now owns 237,000 shares of the real estate investment trust's stock worth $15,187,000 after purchasing an additional 52,695 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Realty Income Stock Down 1.7 %

Shares of NYSE:O opened at $61.38 on Monday. The firm has a market cap of $40.54 billion, a P/E ratio of 43.23, a P/E/G ratio of 5.01 and a beta of 0.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.63. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.40. The business has a fifty day simple moving average of $65.62 and a 200 day simple moving average of $63.75.

Realty Income (NYSE:O – Get Rating) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). The company had revenue of $888.65 million for the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The firm's revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 earnings per share. Analysts predict that Realty Income Co. will post 4.09 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 23 dividend, which will be paid on Friday, April 14th. Investors of record on Monday, April 3rd will be given a dividend of $0.255 per share. This is a positive change from Realty Income's previous mar 23 dividend of $0.25. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 31st. Realty Income's dividend payout ratio (DPR) is currently 214.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on O shares. Royal Bank of Canada upped their target price on Realty Income from $68.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, February 23rd. Mizuho cut their target price on Realty Income from $69.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, March 9th. StockNews.com started coverage on Realty Income in a research note on Thursday. They issued a "sell" rating for the company. Raymond James cut Realty Income from an "outperform" rating to a "market perform" rating in a research note on Monday, January 9th. Finally, BNP Paribas started coverage on Realty Income in a research note on Tuesday, January 17th. They issued a "neutral" rating and a $72.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $72.00.

About Realty Income

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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.

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