Jump Financial LLC Makes New $790,000 Investment in Realty Income Corporation $O

Key Points

• Jump Financial LLC has acquired 13,614 shares of Realty Income Corporation, valued at approximately $790,000, marking a new investment in the company.
• Realty Income is experiencing increased interest from institutional investors, with several firms growing their stakes, leading to an ownership of 70.81% of the company by these entities.
• The company declared an increase in its monthly dividend to $0.269 per share, which results in an annualized yield of 5.5%, supporting its long-standing reputation as the Monthly Dividend Company.

Jump Financial LLC acquired a new position in Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,614 shares of the real estate investment trust's stock, valued at approximately $790,000.

A number of other hedge funds also recently bought and sold shares of O. Keystone Global Partners LLC purchased a new stake in Realty Income during the first quarter worth $26,000. PSI Advisors LLC lifted its holdings in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in Realty Income during the fourth quarter worth $34,000. FSC Wealth Advisors LLC lifted its holdings in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Realty Income during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

O has been the subject of a number of analyst reports. UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Wedbush reiterated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Barclays increased their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Finally, Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $62.00.

Realty Income Stock Performance

O stock traded up $0.62 during midday trading on Friday, reaching $58.75. The stock had a trading volume of 4,365,965 shares, compared to its average volume of 5,194,578. The stock has a market cap of $53.72 billion, a PE ratio of 57.04, a P/E/G ratio of 4.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day simple moving average of $57.64 and a two-hundred day simple moving average of $56.86. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $1.07 EPS. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.269 dividend. This is a positive change from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income's dividend payout ratio (DPR) is 313.59%.

Realty Income Company 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 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.