ClearAlpha Technologies LP acquired a new position in Realty Income Co. (NYSE:O - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,497 shares of the real estate investment trust's stock, valued at approximately $294,000.
A number of other institutional investors have also added to or reduced their stakes in O. Raymond James Financial Inc. bought a new position in Realty Income during the fourth quarter valued at approximately $553,572,000. Trust Co. of Vermont boosted its position in shares of Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after buying an additional 74,185 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Realty Income Trading Down 0.7 %
O stock traded down $0.39 during mid-day trading on Wednesday, reaching $58.13. The company had a trading volume of 4,950,579 shares, compared to its average volume of 5,261,159. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a market capitalization of $51.84 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The firm has a 50 day moving average of $56.41 and a 200 day moving average of $56.47. 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 (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 Dividend Announcement
The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.
Analyst Ratings Changes
Several research analysts recently commented on the company. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday. Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, Scotiabank cut their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.35.
Check Out Our Latest Stock Analysis on Realty Income
About Realty Income
(
Free Report)
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.
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