Commonwealth Equity Services LLC Boosts Stock Position in Realty Income Co. (NYSE:O)

Commonwealth Equity Services LLC boosted its holdings in Realty Income Co. (NYSE:O) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,587 shares of the real estate investment trust’s stock after buying an additional 23,811 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Realty Income were worth $22,755,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Realty Income by 1.1% during the first quarter. BlackRock Inc. now owns 59,317,110 shares of the real estate investment trust’s stock worth $3,755,959,000 after purchasing an additional 642,016 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Realty Income by 9.1% during the first quarter. Bank of America Corp DE now owns 25,146,246 shares of the real estate investment trust’s stock worth $1,592,260,000 after purchasing an additional 2,096,705 shares during the last quarter. Morgan Stanley grew its holdings in shares of Realty Income by 13.6% during the fourth quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after purchasing an additional 2,273,591 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Realty Income by 0.6% during the first quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock worth $912,560,000 after purchasing an additional 86,340 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Realty Income by 7.8% during the first quarter. JPMorgan Chase & Co. now owns 11,447,342 shares of the real estate investment trust’s stock worth $724,847,000 after buying an additional 829,227 shares during the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Realty Income Price Performance

O stock opened at $53.22 on Tuesday. The firm has a 50 day moving average of $50.82 and a 200-day moving average of $56.50. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $68.85. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. The company has a market cap of $38.53 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.66 and a beta of 0.87.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.67). Realty Income had a net margin of 22.64% and a return on equity of 2.90%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $999.01 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. Realty Income’s revenue was up 24.1% on a year-over-year basis. As a group, equities analysts expect that Realty Income Co. will post 4 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a dec 23 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.256 per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 6.1%. Realty Income’s payout ratio is 232.58%.

Analyst Ratings Changes

A number of research firms recently issued reports on O. Robert W. Baird reissued a “neutral” rating and set a $69.00 price target on shares of Realty Income in a report on Monday, August 28th. JPMorgan Chase & Co. lowered their price target on Realty Income from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, August 30th. Mizuho lowered their price target on Realty Income from $61.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st. Royal Bank of Canada raised their price target on Realty Income from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, Bank of America lowered Realty Income from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $67.00 to $52.00 in a report on Tuesday, October 10th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $60.90.

Realty Income Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.