DRW Securities LLC acquired a new stake in shares of Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,826 shares of the real estate investment trust's stock, valued at approximately $311,000.
A number of other institutional investors also recently modified their holdings of O. Wellington Management Group LLP grew its holdings in shares of Realty Income by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 184,524 shares of the real estate investment trust's stock worth $11,703,000 after acquiring an additional 1,194 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Realty Income during the third quarter valued at $201,000. Zacks Investment Management bought a new stake in shares of Realty Income during the 3rd quarter valued at $227,000. MML Investors Services LLC grew its position in shares of Realty Income by 1.1% in the 3rd quarter. MML Investors Services LLC now owns 104,997 shares of the real estate investment trust's stock worth $6,659,000 after buying an additional 1,190 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Realty Income in the 3rd quarter worth about $233,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on O. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Mizuho raised 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. Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Finally, Scotiabank decreased their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $62.42.
Read Our Latest Research Report on Realty Income
Realty Income Stock Performance
Shares of NYSE O traded up $0.58 during trading on Tuesday, hitting $56.85. The company had a trading volume of 1,905,397 shares, compared to its average volume of 5,784,004. The stock has a 50 day simple moving average of $55.91 and a 200 day simple moving average of $56.62. The firm has a market capitalization of $50.70 billion, a P/E ratio of 54.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. Realty Income Co. has a 12 month low of $50.65 and a 12 month 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.
Realty Income (NYSE:O - Get Free Report) last released 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 analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Dividend Announcement
The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio is 328.57%.
Realty Income Profile
(
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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