Waters Parkerson & CO. LLC Raises Stake in Realty Income Co. (NYSE:O)

Waters Parkerson & CO. LLC grew its stake in shares of Realty Income Co. (NYSE:OGet Rating) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,338 shares of the real estate investment trust’s stock after purchasing an additional 6,025 shares during the quarter. Waters Parkerson & CO. LLC owned approximately 0.05% of Realty Income worth $17,829,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. First National Advisers LLC boosted its stake in shares of Realty Income by 28.2% during the third quarter. First National Advisers LLC now owns 4,574 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 1,007 shares during the period. Chevy Chase Trust Holdings LLC raised its holdings in shares of Realty Income by 3.8% in the third quarter. Chevy Chase Trust Holdings LLC now owns 377,401 shares of the real estate investment trust’s stock valued at $21,964,000 after acquiring an additional 13,793 shares in the last quarter. ICW Investment Advisors LLC raised its holdings in shares of Realty Income by 1.1% in the third quarter. ICW Investment Advisors LLC now owns 28,131 shares of the real estate investment trust’s stock valued at $1,637,000 after acquiring an additional 293 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Realty Income by 169.3% in the third quarter. HHM Wealth Advisors LLC now owns 1,212 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 762 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Realty Income by 2.2% in the third quarter. Retirement Systems of Alabama now owns 582,844 shares of the real estate investment trust’s stock valued at $33,922,000 after acquiring an additional 12,730 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Realty Income Stock Down 0.3 %

Shares of O traded down $0.21 during mid-day trading on Wednesday, hitting $66.89. 509,199 shares of the company traded hands, compared to its average volume of 3,162,340. Realty Income Co. has a 1-year low of $55.50 and a 1-year high of $75.40. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $41.95 billion, a PE ratio of 62.71, a price-to-earnings-growth ratio of 5.18 and a beta of 0.76. The business has a 50 day moving average of $64.39 and a 200 day moving average of $65.40.

Realty Income Dividend Announcement

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

Realty Income Company Profile

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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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