Lasalle Investment Management Securities LLC Has $129.93 Million Holdings in Realty Income Co. (NYSE:O)

Lasalle Investment Management Securities LLC boosted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,432,712 shares of the real estate investment trust's stock after purchasing an additional 192,749 shares during the period. Realty Income comprises 5.5% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 5th largest holding. Lasalle Investment Management Securities LLC owned about 0.28% of Realty Income worth $129,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC lifted its stake in shares of Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares during the period. Romano Brothers AND Company raised its position in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after acquiring an additional 200 shares during the period. Bay Rivers Group boosted its stake in shares of Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after acquiring an additional 200 shares during the last quarter. Smith Moore & CO. grew its position in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on O shares. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Royal Bank of Canada cut their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Scotiabank dropped their price target 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 restated an "overweight" rating on shares of Realty Income in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.35.

Realty Income Price Performance

Shares of NYSE:O traded down $0.84 during mid-day trading on Thursday, reaching $57.21. The stock had a trading volume of 2,702,299 shares, compared to its average volume of 5,710,208. The company has a market cap of $51.02 billion, a P/E ratio of 54.48, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The business's 50 day moving average price is $56.41 and its 200 day moving average price is $56.47. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88.

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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Realty Income 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.