Tidal Investments LLC increased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 39.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,097 shares of the real estate investment trust's stock after purchasing an additional 9,891 shares during the quarter. Tidal Investments LLC's holdings in Realty Income were worth $2,215,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. Wilmington Savings Fund Society FSB purchased a new position in Realty Income during the 3rd quarter valued at approximately $1,032,000. World Investment Advisors LLC bought a new position in shares of Realty Income during the 3rd quarter valued at approximately $1,411,000. Sanctuary Advisors LLC grew its holdings in shares of Realty Income by 57.0% in the third quarter. Sanctuary Advisors LLC now owns 239,642 shares of the real estate investment trust's stock valued at $15,198,000 after purchasing an additional 86,979 shares in the last quarter. Soltis Investment Advisors LLC increased its position in Realty Income by 67.1% in the third quarter. Soltis Investment Advisors LLC now owns 143,654 shares of the real estate investment trust's stock worth $9,111,000 after purchasing an additional 57,694 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Realty Income during the third quarter valued at $393,000. Institutional investors own 70.81% of the company's stock.
Analyst Ratings Changes
O has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Mizuho lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $63.23.
Read Our Latest Analysis on Realty Income
Realty Income Stock Performance
Shares of O stock traded down $0.06 during mid-day trading on Tuesday, reaching $54.52. The stock had a trading volume of 4,936,162 shares, compared to its average volume of 5,564,022. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a market cap of $47.72 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 2.05 and a beta of 0.98. 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 business's fifty day moving average is $58.89 and its 200-day moving average is $58.42.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The firm's revenue was up 28.1% compared to the same quarter last year. On average, research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.
Realty Income Increases Dividend
The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.264 dividend. This is a boost from Realty Income's previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, January 2nd. Realty Income's payout ratio is currently 300.96%.
Realty Income Company Profile
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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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