Stephens Inc. AR Acquires 1,131 Shares of Realty Income Co. (NYSE:O)

Stephens Inc. AR grew its holdings in Realty Income Co. (NYSE:OGet Rating) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,403 shares of the real estate investment trust’s stock after acquiring an additional 1,131 shares during the quarter. Stephens Inc. AR’s holdings in Realty Income were worth $896,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Realty Income by 3.9% during the second quarter. State Street Corp now owns 47,212,193 shares of the real estate investment trust’s stock worth $3,234,013,000 after buying an additional 1,784,464 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Realty Income by 79.3% during the second quarter. JPMorgan Chase & Co. now owns 9,927,830 shares of the real estate investment trust’s stock worth $677,675,000 after buying an additional 4,389,435 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Realty Income by 4.1% during the second quarter. Northern Trust Corp now owns 8,188,258 shares of the real estate investment trust’s stock worth $558,930,000 after buying an additional 319,155 shares in the last quarter. Legal & General Group Plc grew its stake in Realty Income by 15.9% in the second quarter. Legal & General Group Plc now owns 8,023,583 shares of the real estate investment trust’s stock valued at $547,690,000 after purchasing an additional 1,100,581 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Realty Income by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,342,981 shares of the real estate investment trust’s stock valued at $370,269,000 after purchasing an additional 135,219 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BNP Paribas assumed coverage on Realty Income in a research note on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price target for the company. Morgan Stanley decreased their price target on Realty Income from $76.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, October 25th. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Friday, January 13th. Raymond James downgraded Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, Mizuho raised their price target on Realty Income from $61.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, December 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $72.00.

Realty Income Stock Performance

O opened at $66.38 on Friday. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.40. The stock has a market cap of $41.63 billion, a price-to-earnings ratio of 62.04, a PEG ratio of 5.14 and a beta of 0.76. The business has a 50 day moving average of $64.28 and a 200-day moving average of $65.45. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.61.

Realty Income Dividend Announcement

The firm also recently disclosed a jan 23 dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a $0.2485 dividend. The ex-dividend date of this dividend is Tuesday, January 31st. This represents a dividend yield of 4.5%. Realty Income’s payout ratio is 278.50%.

About Realty Income

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Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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