Easterly Investment Partners LLC purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 141,239 shares of the real estate investment trust's stock, valued at approximately $7,544,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new position in Realty Income during the 4th quarter worth $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the fourth quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Realty Income in the fourth quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in Realty Income in the fourth quarter valued at about $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.
Realty Income Stock Performance
Realty Income stock traded up $0.45 during mid-day trading on Friday, hitting $56.61. 3,502,595 shares of the company's stock traded hands, compared to its average volume of 5,134,223. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The firm has a 50 day moving average price of $55.79 and a 200 day moving average price of $57.28. The company has a market cap of $50.47 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.
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 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company 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%. On average, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Increases Dividend
The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 328.57%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on O. 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. Barclays lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Mizuho dropped 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target for the company. Finally, Scotiabank dropped 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. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.04.
Read Our Latest Stock Analysis on Realty Income
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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