4,786 Shares in Realty Income Co. (NYSE:O) Purchased by Polymer Capital Management US LLC

Polymer Capital Management US LLC acquired a new stake in Realty Income Co. (NYSE:O - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,786 shares of the real estate investment trust's stock, valued at approximately $256,000.

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

Realty Income Price Performance

Shares of NYSE O traded up $0.68 during midday trading on Friday, hitting $54.83. 2,502,767 shares of the company's stock were exchanged, compared to its average volume of 5,284,701. The business's fifty day moving average price is $55.85 and its two-hundred day moving average price is $56.76. The company has a market cap of $48.90 billion, a price-to-earnings ratio of 52.18, a PEG ratio of 2.10 and a beta of 0.79. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (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 company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

O has been the subject of several recent research reports. Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. 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. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Finally, Barclays increased their price objective on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $62.42.

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.