Sagespring Wealth Partners LLC acquired a new stake in Realty Income Co. (NYSE:O - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,455 shares of the real estate investment trust's stock, valued at approximately $1,253,000.
Several other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of Realty Income by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 184,524 shares of the real estate investment trust's stock valued at $11,703,000 after buying an additional 1,194 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Realty Income in the 3rd quarter valued at $233,000. World Investment Advisors LLC bought a new position in shares of Realty Income in the 3rd quarter valued at $1,411,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Realty Income during the 3rd quarter worth $1,032,000. Finally, Tidal Investments LLC boosted its stake in Realty Income by 39.2% in the third quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock valued at $2,215,000 after buying an additional 9,891 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
Realty Income Price Performance
O traded up $0.27 on Wednesday, reaching $57.28. The company had a trading volume of 4,653,363 shares, compared to its average volume of 5,283,398. 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 Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a market cap of $51.08 billion, a price-to-earnings ratio of 54.55, a P/E/G ratio of 2.10 and a beta of 0.79. The business has a 50 day simple moving average of $55.96 and a 200 day simple moving average of $56.62.
Realty Income (NYSE:O - Get Free Report) last released 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). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Dividend Announcement
The company 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 dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio is currently 328.57%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on O. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Finally, Barclays lifted their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $62.42.
View Our Latest Report on Realty Income
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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