Jones Financial Companies Lllp Buys 164,839 Shares of Realty Income Corporation $O

Jones Financial Companies Lllp boosted its stake in Realty Income Corporation (NYSE:OFree Report) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,148,585 shares of the real estate investment trust’s stock after acquiring an additional 164,839 shares during the period. Jones Financial Companies Lllp owned 0.13% of Realty Income worth $69,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in O. Moseley Investment Management Inc. boosted its stake in shares of Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares during the last quarter. Crescent Sterling Ltd. lifted its stake in shares of Realty Income by 4.1% in the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares during the period. Castle Rock Wealth Management LLC boosted its position in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 177 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Realty Income by 10.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 177 shares during the period. Finally, Gold Investment Management Ltd. grew its stake in Realty Income by 0.3% during the third quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock worth $3,445,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Barclays raised their price target on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $60.00 to $67.00 in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.21.

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Realty Income Stock Down 1.0%

Shares of NYSE O opened at $60.54 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The company has a 50-day moving average price of $58.35 and a 200-day moving average price of $58.40. The stock has a market capitalization of $55.69 billion, a P/E ratio of 56.05, a P/E/G ratio of 3.92 and a beta of 0.79. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.95.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

About Realty Income

(Free Report)

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.

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

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