Jones Financial Companies Lllp Raises Stock Holdings in Realty Income Co. (NYSE:O)

Jones Financial Companies Lllp lifted its position in Realty Income Co. (NYSE:O - Free Report) by 83.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,018 shares of the real estate investment trust's stock after purchasing an additional 221,481 shares during the quarter. Jones Financial Companies Lllp owned 0.06% of Realty Income worth $26,012,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of O. Sierra Ocean LLC purchased a new stake in Realty Income in the fourth quarter worth $32,000. BankPlus Trust Department purchased a new stake in Realty Income in the fourth quarter worth about $37,000. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $40,000. ST Germain D J Co. Inc. lifted its holdings in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its position in shares of Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 300 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.40 during trading hours on Wednesday, reaching $58.16. 5,365,780 shares of the stock traded hands, compared to its average volume of 5,070,082. The company has a 50 day moving average price of $54.43 and a 200 day moving average price of $57.89. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $51.85 billion, a price-to-earnings ratio of 55.39, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. 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 business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. This is an increase from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income's dividend payout ratio is presently 327.55%.

Analysts Set New Price Targets

A number of brokerages have issued reports on O. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $62.04.

About Realty Income

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.