Pacer Advisors Inc. Purchases 37,638 Shares of Realty Income Co. (NYSE:O)

Pacer Advisors Inc. grew its stake in Realty Income Co. (NYSE:O - Free Report) by 58.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,386 shares of the real estate investment trust's stock after purchasing an additional 37,638 shares during the period. Pacer Advisors Inc.'s holdings in Realty Income were worth $5,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. ZWJ Investment Counsel Inc. grew its holdings in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock worth $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. grew its holdings in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock worth $245,000 after acquiring an additional 166 shares during the last quarter. Greenleaf Trust increased its position in Realty Income by 1.0% in the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock valued at $1,072,000 after acquiring an additional 170 shares during the period. Grove Bank & Trust raised its stake in shares of Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its holdings in shares of Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock worth $599,000 after purchasing an additional 176 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays assumed coverage on Realty Income in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $59.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday. Scotiabank cut their price target on Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $62.04.

Realty Income Stock Performance

NYSE:O traded up $0.25 during trading on Thursday, reaching $54.31. The company's stock had a trading volume of 4,270,497 shares, compared to its average volume of 4,785,687. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a market cap of $47.53 billion, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The firm has a 50 day moving average of $54.57 and a 200-day moving average of $58.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company posted $1.02 earnings per share. Realty Income's revenue for the quarter was up 28.1% on a year-over-year basis. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is presently 301.91%.

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.