Magnetar Financial LLC acquired a new position in Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 34,779 shares of the real estate investment trust's stock, valued at approximately $1,858,000.
Several other large investors also recently added to or reduced their stakes in O. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter valued at about $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the fourth quarter valued at about $37,000. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the fourth quarter valued at about $40,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 567 shares during the period. Institutional investors own 70.81% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on O. Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price for the company. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus target price of $62.04.
Read Our Latest Stock Report on O
Realty Income Stock Performance
Shares of NYSE O traded up $0.52 during trading on Monday, reaching $56.32. 4,696,584 shares of the company traded hands, compared to its average volume of 4,993,661. The stock has a market capitalization of $50.21 billion, a PE ratio of 53.63, a P/E/G ratio of 2.10 and a beta of 1.00. The firm has a 50 day simple moving average of $55.52 and a 200-day simple moving average of $57.47. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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 (NYSE:O - Get Free Report) last posted its earnings results 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share 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. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Realty Income's previous apr 25 dividend of $0.27. This represents a yield of 5.7%. 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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