Adage Capital Partners GP L.L.C. Increases Holdings in Realty Income Co. (NYSE:O)

Adage Capital Partners GP L.L.C. increased its position in Realty Income Co. (NYSE:O - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 792,700 shares of the real estate investment trust's stock after buying an additional 81,800 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Realty Income worth $42,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in O. World Investment Advisors LLC bought a new position in Realty Income during the 3rd quarter valued at $1,411,000. Wilmington Savings Fund Society FSB bought a new position in shares of Realty Income during the third quarter valued at about $1,032,000. Tidal Investments LLC boosted its holdings in Realty Income by 39.2% during the third quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock worth $2,215,000 after purchasing an additional 9,891 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in Realty Income by 0.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 71,562 shares of the real estate investment trust's stock worth $4,538,000 after purchasing an additional 518 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Realty Income by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust's stock valued at $34,736,000 after buying an additional 22,614 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on O shares. Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada dropped their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.35.

Realty Income Price Performance

O stock traded down $0.26 during mid-day trading on Friday, reaching $56.89. 3,852,308 shares of the company traded hands, compared to its average volume of 5,251,376. The company has a fifty day moving average price of $56.50 and a 200-day moving average price of $56.37. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a market capitalization of $50.74 billion, a P/E ratio of 54.19, a P/E/G ratio of 2.10 and a beta of 0.79. 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 quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.28 billion. As a group, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

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

About Realty Income

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.