LaSalle St. Investment Advisors LLC increased its holdings in Realty Income Co. (NYSE:O - Free Report) by 120.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,401 shares of the real estate investment trust's stock after purchasing an additional 5,132 shares during the quarter. LaSalle St. Investment Advisors LLC's holdings in Realty Income were worth $502,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of O. CreativeOne Wealth LLC raised its position in shares of Realty Income by 20.3% during the 4th quarter. CreativeOne Wealth LLC now owns 35,528 shares of the real estate investment trust's stock worth $1,898,000 after purchasing an additional 5,999 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Realty Income in the fourth quarter valued at approximately $1,253,000. Townsquare Capital LLC boosted its stake in shares of Realty Income by 0.6% in the fourth quarter. Townsquare Capital LLC now owns 97,823 shares of the real estate investment trust's stock worth $5,225,000 after acquiring an additional 539 shares during the last quarter. Keyes Stange & Wooten Wealth Management LLC purchased a new stake in shares of Realty Income during the fourth quarter worth approximately $282,000. Finally, Rockefeller Capital Management L.P. raised its stake in Realty Income by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 592,860 shares of the real estate investment trust's stock valued at $31,665,000 after purchasing an additional 2,625 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Royal Bank of Canada cut their price objective 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. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Mizuho lifted their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average target price of $62.42.
Get Our Latest Research Report on O
Realty Income Trading Up 1.8 %
Shares of O traded up $1.01 during midday trading on Friday, hitting $58.27. 5,105,969 shares of the stock were exchanged, compared to its average volume of 5,275,979. Realty Income Co. has a 52-week low of $50.71 and a 52-week 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. The stock has a fifty day simple moving average of $56.11 and a 200 day simple moving average of $56.59. The firm has a market cap of $51.96 billion, a P/E ratio of 55.49, a P/E/G ratio of 2.10 and a beta of 0.79.
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). The firm had revenue of $1.34 billion for 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, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.
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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