Saxon Interests Inc. Takes $570,000 Position in Realty Income Co. (NYSE:O)

Saxon Interests Inc. bought a new stake in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,677 shares of the real estate investment trust's stock, valued at approximately $570,000.

A number of other institutional investors have also recently made changes to their positions in the company. Parnassus Investments LLC grew its stake in Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock valued at $1,445,036,000 after purchasing an additional 242,786 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust's stock valued at $647,492,000 after purchasing an additional 531,008 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after buying an additional 463,286 shares in the last quarter. Finally, APG Asset Management US Inc. boosted its stake in Realty Income by 3.1% during the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust's stock worth $454,502,000 after buying an additional 265,000 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 0.1 %

NYSE:O traded up $0.04 on Friday, reaching $54.62. 5,341,328 shares of the company's stock were exchanged, compared to its average volume of 5,047,621. The business has a fifty day moving average of $54.97 and a 200-day moving average of $58.31. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.

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

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Scotiabank cut their price objective on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research report on Thursday. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Barclays initiated coverage on shares of Realty Income in a report on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price target for the company. Finally, UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $62.12.

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.