Boothbay Fund Management LLC Has $11.69 Million Position in Realty Income Co. (NYSE:O)

Boothbay Fund Management LLC grew its position in Realty Income Co. (NYSE:O - Free Report) by 56.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,852 shares of the real estate investment trust's stock after purchasing an additional 79,237 shares during the period. Boothbay Fund Management LLC's holdings in Realty Income were worth $11,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the fourth quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $32,000. Millstone Evans Group LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $34,000. Finally, BankPlus Trust Department purchased a new position in shares of Realty Income in the fourth quarter valued at $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE:O traded up $0.36 during trading hours on Monday, hitting $57.25. 3,785,741 shares of the company's stock traded hands, compared to its average volume of 5,245,529. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. 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 company's fifty day simple moving average is $56.50 and its two-hundred day simple moving average is $56.34. The company has a market cap of $51.05 billion, a price-to-earnings ratio of 54.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.34 billion for 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%. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on O. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Scotiabank reduced 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 note on Friday, February 28th. Mizuho increased their price objective 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. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average price target of $62.35.

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.