Lincoln National Corp Purchases 1,010 Shares of Realty Income Co. (NYSE:O)

Lincoln National Corp raised its position in shares of Realty Income Co. (NYSE:OGet Rating) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,999 shares of the real estate investment trust’s stock after purchasing an additional 1,010 shares during the period. Lincoln National Corp’s holdings in Realty Income were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MAI Capital Management increased its holdings in shares of Realty Income by 21.5% in the 2nd quarter. MAI Capital Management now owns 243,092 shares of the real estate investment trust’s stock valued at $16,593,000 after acquiring an additional 43,069 shares during the period. Foster Victor Wealth Advisors LLC increased its holdings in shares of Realty Income by 10.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 174,171 shares of the real estate investment trust’s stock valued at $12,105,000 after acquiring an additional 17,093 shares during the period. Merit Financial Group LLC purchased a new position in shares of Realty Income in the 2nd quarter valued at $235,000. AE Wealth Management LLC increased its holdings in shares of Realty Income by 2.7% in the 2nd quarter. AE Wealth Management LLC now owns 60,583 shares of the real estate investment trust’s stock valued at $4,135,000 after acquiring an additional 1,609 shares during the period. Finally, Smith Moore & CO. increased its holdings in shares of Realty Income by 31.2% in the 2nd quarter. Smith Moore & CO. now owns 5,266 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 1,251 shares during the period. 80.56% of the stock is owned by institutional investors.

Realty Income Stock Up 0.8 %

Realty Income stock opened at $66.93 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.76 and a current ratio of 1.76. The business’s 50-day simple moving average is $64.34 and its two-hundred day simple moving average is $65.41. The company has a market cap of $41.98 billion, a PE ratio of 62.55, a PEG ratio of 5.14 and a beta of 0.76. Realty Income Co. has a fifty-two week low of $55.50 and a fifty-two week high of $75.40.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on O shares. BNP Paribas started coverage on Realty Income in a research note on Tuesday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Raymond James downgraded Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Morgan Stanley dropped their target price on Realty Income from $76.00 to $74.00 and set an “overweight” rating on the stock 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. Finally, Mizuho boosted their target price on Realty Income from $61.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, December 8th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.00.

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.

See Also

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

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