Loudon Investment Management LLC Grows Stock Position in Realty Income Co. (NYSE:O)

Loudon Investment Management LLC raised its position in Realty Income Co. (NYSE:O - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,980 shares of the real estate investment trust's stock after buying an additional 7,110 shares during the period. Loudon Investment Management LLC's holdings in Realty Income were worth $1,174,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock valued at $478,556,000 after acquiring an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock worth $137,502,000 after purchasing an additional 1,107,493 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after purchasing an additional 463,286 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. BNP Paribas downgraded 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. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Scotiabank cut their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Finally, Barclays boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $62.04.

Realty Income Trading Up 0.9 %

Shares of NYSE:O traded up $0.52 during mid-day trading on Monday, reaching $56.32. 4,696,584 shares of the company were exchanged, compared to its average volume of 4,993,669. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 53.63, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm's 50-day simple moving average is $55.60 and its 200 day simple moving average is $57.42.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given 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 boost from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio is currently 328.57%.

Realty Income Company Profile

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.