Virtu Financial LLC Purchases New Shares in Realty Income Co. (NYSE:O)

Virtu Financial LLC acquired a new position in shares of Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,694 shares of the real estate investment trust's stock, valued at approximately $945,000.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Realty Income by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock worth $1,445,036,000 after acquiring an additional 242,786 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at about $553,572,000. Charles Schwab Investment Management Inc. lifted its position in shares of Realty Income by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust's stock worth $533,529,000 after purchasing an additional 260,071 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock worth $478,556,000 after purchasing an additional 6,673,617 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Realty Income by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust's stock valued at $312,314,000 after purchasing an additional 50,670 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on O shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price for the company. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average target price of $62.04.

Realty Income Stock Performance

Shares of Realty Income stock traded down $0.51 during midday trading on Tuesday, hitting $55.77. The company had a trading volume of 2,678,719 shares, compared to its average volume of 4,993,201. The business's 50 day simple moving average is $55.60 and its two-hundred day simple moving average is $57.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $49.72 billion, a PE ratio of 53.14, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a boost from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is currently 328.57%.

Realty Income Company Profile

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.