Caxton Associates LLP Takes Position in Realty Income Corporation $O

Key Points

• Caxton Associates LLP has acquired a new position in Realty Income Corporation (NYSE: O) during Q1, purchasing 32,457 shares valued at approximately $1.88 million.
• Realty Income's dividend has increased to $0.269 per share, providing a 5.5% annualized yield, up from the previous amount of $0.26.
• Analysts have upgraded the stock's target price, with Scotiabank raising it from $58 to $60 and UBS Group increasing it from $62 to $66, while the average target price stands at $62.

Caxton Associates LLP bought a new stake in Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,457 shares of the real estate investment trust's stock, valued at approximately $1,883,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norinchukin Bank The raised its position in Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock valued at $4,929,000 after purchasing an additional 7,497 shares during the period. Victory Capital Management Inc. raised its position in Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after purchasing an additional 19,965 shares during the period. Community Bank of Raymore raised its position in Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after purchasing an additional 24,467 shares during the period. Venture Visionary Partners LLC raised its position in Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after purchasing an additional 8,297 shares during the period. Finally, Invesco Ltd. raised its position in Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after purchasing an additional 48,024 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the subject of several research reports. Mizuho boosted their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday. Barclays boosted their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Scotiabank boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. UBS Group boosted their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.36.

Realty Income Stock Up 1.1%

Realty Income stock traded up $0.64 during midday trading on Thursday, hitting $60.09. 2,738,017 shares of the stock were exchanged, compared to its average volume of 5,489,755. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm has a market cap of $54.94 billion, a P/E ratio of 58.44, a P/E/G ratio of 4.55 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day moving average price of $57.82 and a two-hundred day moving average price of $57.03.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the firm earned $1.07 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 313.59%.

Realty Income Company 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.