Cibc World Markets Corp Boosts Stake in Realty Income Co. (NYSE:O)

Cibc World Markets Corp increased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 392,563 shares of the real estate investment trust's stock after purchasing an additional 44,240 shares during the period. Cibc World Markets Corp's holdings in Realty Income were worth $20,967,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of O. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the 4th quarter worth $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $32,000. BankPlus Trust Department purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $37,000. Luken Investment Analytics LLC acquired a new position in shares of Realty Income in the 4th quarter worth approximately $40,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 567 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O stock traded down $0.67 during mid-day trading on Friday, hitting $55.79. 10,834,953 shares of the stock were exchanged, compared to its average volume of 5,000,078. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock's fifty day simple moving average is $55.44 and its two-hundred day simple moving average is $57.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

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Realty Income (NYSE:O - Get Free Report) last announced its 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced 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. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 328.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. 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 research note on Friday, February 28th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.04.

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.