Keyes Stange & Wooten Wealth Management LLC acquired a new position in Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,288 shares of the real estate investment trust's stock, valued at approximately $282,000.
Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Realty Income in the 4th quarter worth about $553,572,000. Trust Co. of Vermont lifted its holdings in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after buying an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock valued at $138,937,000 after buying an additional 74,185 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
Realty Income Stock Up 1.1 %
O stock traded up $0.60 during trading hours on Wednesday, hitting $57.61. The company's stock had a trading volume of 2,176,710 shares, compared to its average volume of 5,274,082. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $55.96 and a two-hundred day moving average price of $56.62. The company has a market capitalization of $51.37 billion, a PE ratio of 54.87, 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.
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 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 return on equity of 2.35% and a net margin of 17.57%. On average, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Announces Dividend
The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio (DPR) is 328.57%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on O. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Barclays upped their price target 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. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $62.42.
Read Our Latest 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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