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

Jones Financial Companies Lllp grew its position in shares of Realty Income Corporation (NYSE:OFree Report) by 16.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,148,585 shares of the real estate investment trust’s stock after purchasing an additional 164,839 shares during the quarter. Jones Financial Companies Lllp’s holdings in Realty Income were worth $69,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Realty Income in the 2nd quarter worth about $676,500,000. Vanguard Group Inc. boosted its stake in shares of Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Realty Income by 8.3% in the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Realty Income by 420.0% in the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after acquiring an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions purchased a new stake in shares of Realty Income during the second quarter valued at approximately $70,939,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Mizuho reduced their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Cantor Fitzgerald lowered their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.21.

View Our Latest Stock Report on Realty Income

Realty Income Price Performance

NYSE O opened at $60.54 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The company has a market cap of $55.69 billion, a PE ratio of 56.05, a price-to-earnings-growth ratio of 3.92 and a beta of 0.79. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.95. The firm’s 50-day simple moving average is $58.35 and its two-hundred day simple moving average is $58.40.

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

Realty Income Dividend Announcement

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

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

Realty Income Profile

(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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