Kovitz Investment Group Partners LLC Boosts Stake in Realty Income Co. (NYSE:O)

Kovitz Investment Group Partners LLC raised its stake in Realty Income Co. (NYSE:O - Free Report) by 2,370.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,118 shares of the real estate investment trust's stock after acquiring an additional 74,956 shares during the period. Kovitz Investment Group Partners LLC's holdings in Realty Income were worth $4,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the 4th quarter worth $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the 4th quarter worth about $32,000. Millstone Evans Group LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income in the 4th quarter valued at about $37,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.6 %

Realty Income stock traded up $0.36 during trading hours on Monday, hitting $57.25. The company had a trading volume of 3,785,741 shares, compared to its average volume of 5,245,529. 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 firm has a market cap of $51.05 billion, a P/E ratio of 54.52, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a 50-day moving average price of $56.53 and a two-hundred day moving average price of $56.31. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on O. Mizuho boosted their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Stifel Nicolaus cut their target price 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. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Scotiabank cut 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 report on Friday, February 28th. Finally, Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $62.35.

About Realty Income

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.