Oak Thistle LLC Makes New $1.11 Million Investment in Realty Income Co. (NYSE:O)

Oak Thistle LLC purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,730 shares of the real estate investment trust's stock, valued at approximately $1,107,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Realty Income in the second quarter valued at $42,000. Edgestream Partners L.P. acquired a new position in shares of Realty Income in the 2nd quarter valued at $3,801,000. Mutual of America Capital Management LLC lifted its holdings in shares of Realty Income by 0.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust's stock worth $6,094,000 after acquiring an additional 778 shares during the period. Wealth Alliance boosted its position in shares of Realty Income by 33.8% during the 2nd quarter. Wealth Alliance now owns 28,124 shares of the real estate investment trust's stock valued at $1,486,000 after acquiring an additional 7,103 shares in the last quarter. Finally, Argent Trust Co boosted its position in shares of Realty Income by 36.5% during the 2nd quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust's stock valued at $312,000 after acquiring an additional 1,580 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the subject of a number of analyst reports. UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company restated an "equal weight" rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $62.12.

Realty Income Trading Up 2.7 %

Shares of NYSE O traded up $1.41 during midday trading on Thursday, reaching $54.58. 3,262,989 shares of the stock were exchanged, compared to its average volume of 4,880,133. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The business has a 50-day simple moving average of $55.09 and a two-hundred day simple moving average of $58.37. The company has a market capitalization of $47.77 billion, a price-to-earnings ratio of 51.98, a P/E/G ratio of 1.85 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. As a group, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's payout ratio is currently 300.95%.

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.