Credit Capital Investments LLC bought a new stake in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,200 shares of the real estate investment trust's stock, valued at approximately $331,000. Realty Income makes up approximately 0.4% of Credit Capital Investments LLC's investment portfolio, making the stock its 23rd largest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the 4th quarter valued at $553,572,000. Trust Co. of Vermont lifted its position in 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 worth $13,540,000 after buying an additional 28,480 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after buying an additional 463,286 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
Realty Income Trading Down 1.2 %
Shares of O stock traded down $0.67 on Friday, reaching $55.79. The company had a trading volume of 10,835,282 shares, compared to its average volume of 4,994,854. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $49.73 billion, a PE ratio of 53.13, a PEG ratio of 2.10 and a beta of 1.00. The company has a 50-day moving average of $55.52 and a 200-day moving average of $57.47. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly 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). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Increases Dividend
The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio is 328.57%.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Finally, Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.04.
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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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