Crestline Management LP Purchases New Position in Realty Income Co. (NYSE:O)

Crestline Management LP acquired a new stake in Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,609 shares of the real estate investment trust's stock, valued at approximately $406,000.

Other hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $34,000. Finally, BankPlus Trust Department acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday. Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Scotiabank lowered their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $61.77.

Realty Income Stock Up 0.9 %

Shares of NYSE:O traded up $0.50 during trading on Friday, hitting $56.75. The company's stock had a trading volume of 3,633,607 shares, compared to its average volume of 5,186,712. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The business has a 50 day moving average price of $56.55 and a two-hundred day moving average price of $55.88. 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 company has a market capitalization of $50.61 billion, a PE ratio of 54.05, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $1.31 billion for 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%. Realty Income's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio is currently 292.73%.

About Realty Income

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.