Waterfront Capital Partners LLC acquired a new position in shares of Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 111,353 shares of the real estate investment trust's stock, valued at approximately $5,947,000. Realty Income accounts for about 1.1% of Waterfront Capital Partners LLC's holdings, making the stock its 28th largest holding.
Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Realty Income during the 4th quarter valued at approximately $624,666,000. Raymond James Financial Inc. acquired a new position in Realty Income during the fourth quarter valued at $553,572,000. California Public Employees Retirement System boosted its holdings in Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Geode Capital Management LLC grew its position in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after purchasing an additional 658,240 shares during the period. Finally, Demars Financial Group LLC purchased a new position in shares of Realty Income during the 4th quarter valued at about $30,817,000. 70.81% of the stock is owned by hedge funds and other institutional investors.
Realty Income Price Performance
Shares of NYSE:O traded up $0.36 during midday trading on Monday, hitting $57.25. The company's stock had a trading volume of 3,785,540 shares, compared to its average volume of 5,245,513. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a market cap of $51.05 billion, a P/E ratio of 54.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50 day simple moving average is $56.50 and its 200 day simple moving average is $56.34.
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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. On average, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Dividend Announcement
The business also recently declared 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 is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio is presently 328.57%.
Wall Street Analyst Weigh In
Several analysts recently commented on O shares. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average price target of $62.35.
Check Out Our Latest Research Report on O
Realty Income Profile
(
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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