Comprehensive Money Management Services LLC Takes $320,000 Position in Realty Income Co. (NYSE:O)

Comprehensive Money Management Services LLC purchased a new position in shares of Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,994 shares of the real estate investment trust's stock, valued at approximately $320,000.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Realty Income during the fourth quarter worth approximately $553,572,000. Asset Management One Co. Ltd. raised its stake in 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 purchasing an additional 101,184 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after purchasing an additional 166,178 shares during the period. Employees Retirement System of Texas raised its position in shares of Realty Income by 19.0% in the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock worth $26,074,000 after buying an additional 78,000 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Realty Income by 21.2% in the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after buying an additional 19,527 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.5%

Shares of NYSE:O traded down $0.29 during midday trading on Wednesday, reaching $55.87. The company had a trading volume of 3,299,821 shares, compared to its average volume of 5,199,076. The stock's fifty day moving average price is $56.19 and its 200-day moving average price is $55.61. The stock has a market capitalization of $50.46 billion, a P/E ratio of 53.21, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on O shares. JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada cut their price objective 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. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $61.15.

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.