Virtus ETF Advisers LLC Acquires New Shares in Realty Income Co. (NYSE:O)

Virtus ETF Advisers LLC bought a new position in Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 18,773 shares of the real estate investment trust's stock, valued at approximately $1,003,000.

Several other large investors have also added to or reduced their stakes in O. Norges Bank purchased a new position in shares of Realty Income during the 4th quarter valued at about $624,666,000. Raymond James Financial Inc. purchased a new position in shares of Realty Income during the 4th quarter valued at about $553,572,000. California Public Employees Retirement System raised its holdings in shares of Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after buying an additional 811,037 shares in the last quarter. Geode Capital Management LLC increased its stake in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after purchasing an additional 658,240 shares during the period. Finally, Demars Financial Group LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $30,817,000. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on O. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank cut their target price on shares of 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. Finally, Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average price target of $62.35.

Realty Income Stock Up 0.6 %

Shares of Realty Income stock traded up $0.36 during midday trading on Monday, hitting $57.25. The company had a trading volume of 3,785,741 shares, compared to its average volume of 5,245,529. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $51.05 billion, a P/E ratio of 54.52, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a 50 day moving average of $56.53 and a 200 day moving average of $56.31. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88.

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

Realty Income Announces Dividend

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Realty Income 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.