Realty Income Corporation $O Stock Position Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 55.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 758,498 shares of the real estate investment trust's stock after purchasing an additional 271,480 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.08% of Realty Income worth $42,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in O. Keystone Global Partners LLC acquired a new position in Realty Income during the first quarter valued at $26,000. PSI Advisors LLC increased its holdings in Realty Income by 78.3% in 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 last quarter. Fourth Dimension Wealth LLC bought a new position in Realty Income during the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC lifted its stake in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on O. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday. UBS Group boosted their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Barclays raised their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.36.

Realty Income Price Performance

Realty Income stock opened at $60.43 on Monday. The stock has a market cap of $55.25 billion, a price-to-earnings ratio of 58.67, a P/E/G ratio of 4.62 and a beta of 0.77. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The business's 50-day simple moving average is $57.92 and its 200 day simple moving average is $57.09.

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

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. This is an increase from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income's dividend payout ratio (DPR) is currently 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.

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