Vanguard Group Inc. Acquires 3,594,127 Shares of Realty Income Corporation $O

Vanguard Group Inc. grew its stake in shares of Realty Income Corporation (NYSE:O) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,730,338 shares of the real estate investment trust’s stock after purchasing an additional 3,594,127 shares during the quarter. Vanguard Group Inc. owned approximately 16.38% of Realty Income worth $9,102,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC bought a new position in Realty Income in the fourth quarter worth approximately $571,000. Empowered Funds LLC increased its holdings in Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 1,330 shares during the period. Woodline Partners LP raised its position in Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in Realty Income by 14.9% during the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after purchasing an additional 3,290 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O stock opened at $65.65 on Tuesday. Realty Income Corporation has a one year low of $50.71 and a one year high of $66.28. The firm has a market cap of $60.39 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a 50-day simple moving average of $59.59 and a two-hundred day simple moving average of $58.87.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. Realty Income’s dividend payout ratio is presently 300.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $60.00 to $67.00 in a research note on Friday, January 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Thursday, December 18th. Cantor Fitzgerald cut their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Mizuho reduced their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.21.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.