Realty Income Co. (NYSE:O) Shares Acquired by Bowman & Co S.C.

Bowman & Co S.C. increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 28.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,404 shares of the real estate investment trust's stock after acquiring an additional 6,309 shares during the quarter. Bowman & Co S.C.'s holdings in Realty Income were worth $1,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Realty Income during the 4th quarter worth $553,572,000. Asset Management One Co. Ltd. grew its holdings in shares of Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Realty Income by 27.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after acquiring an additional 166,178 shares during the period. Employees Retirement System of Texas raised its stake in Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after acquiring an additional 78,000 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after acquiring an additional 19,527 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on O. JPMorgan Chase & Co. lowered their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Scotiabank lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Price Performance

Realty Income stock traded down $0.09 during midday trading on Wednesday, reaching $55.92. The company's stock had a trading volume of 2,138,126 shares, compared to its average volume of 5,182,967. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. 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 stock's 50 day simple moving average is $56.21 and its 200 day simple moving average is $55.59. The firm has a market capitalization of $50.50 billion, a PE ratio of 53.26, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during 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 quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. On average, equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. This represents a dividend yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

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.