Bison Wealth LLC Makes New $571,000 Investment in Realty Income Co. (NYSE:O)

Bison Wealth LLC bought a new stake in shares of Realty Income Co. (NYSE:O - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,693 shares of the real estate investment trust's stock, valued at approximately $571,000.

Other large investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC boosted its position in Realty Income by 32.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 70,895 shares of the real estate investment trust's stock valued at $3,786,000 after buying an additional 17,237 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after purchasing an additional 3,834,403 shares during the period. Quarry LP grew its stake in shares of Realty Income by 601.7% in the fourth quarter. Quarry LP now owns 3,824 shares of the real estate investment trust's stock worth $204,000 after purchasing an additional 3,279 shares during the last quarter. Rinkey Investments raised its position in shares of Realty Income by 17.3% during the fourth quarter. Rinkey Investments now owns 5,282 shares of the real estate investment trust's stock worth $282,000 after acquiring an additional 778 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its holdings in Realty Income by 56.8% during the 4th quarter. Boothbay Fund Management LLC now owns 218,852 shares of the real estate investment trust's stock worth $11,689,000 after purchasing an additional 79,237 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Scotiabank dropped their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Mizuho boosted 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. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada dropped their price objective 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. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.35.

Realty Income Stock Down 0.4 %

O traded down $0.23 during mid-day trading on Friday, reaching $56.94. 4,290,822 shares of the stock were exchanged, compared to its average volume of 5,204,418. The company has a 50 day moving average price of $56.58 and a two-hundred day moving average price of $56.19. The stock has a market capitalization of $50.78 billion, a PE ratio of 54.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. 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 1 year low of $50.71 and a 1 year high of $64.88.

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 earnings per share (EPS) 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio is currently 328.57%.

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.