Renaissance Technologies LLC Has $38.21 Million Position in Realty Income Co. (NYSE:O)

Renaissance Technologies LLC boosted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 21.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 715,344 shares of the real estate investment trust's stock after purchasing an additional 127,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of Realty Income worth $38,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Realty Income in the fourth quarter valued at approximately $553,572,000. Trust Co. of Vermont lifted its position in Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock valued at $138,937,000 after buying an additional 74,185 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

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Realty Income Trading Up 1.0 %

Shares of O stock traded up $0.55 on Tuesday, hitting $56.82. The stock had a trading volume of 1,842,764 shares, compared to its average volume of 5,278,346. The firm has a market cap of $50.67 billion, a P/E ratio of 54.11, a PEG ratio of 2.10 and a beta of 0.79. Realty Income Co. has a twelve month low of $50.65 and a twelve 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. The company has a fifty day moving average price of $55.91 and a two-hundred day moving average price of $56.62.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on O shares. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus price target of $62.42.

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.