Fairtree Asset Management Pty Ltd Buys New Stake in Realty Income Co. (NYSE:O)

Fairtree Asset Management Pty Ltd purchased a new stake in Realty Income Co. (NYSE:O - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,689 shares of the real estate investment trust's stock, valued at approximately $1,265,000. Realty Income accounts for 1.2% of Fairtree Asset Management Pty Ltd's investment portfolio, making the stock its 20th largest position.

A number of other large investors have also recently modified their holdings of O. Wealth Enhancement Advisory Services LLC lifted its holdings in Realty Income by 69.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 253,399 shares of the real estate investment trust's stock worth $13,534,000 after buying an additional 104,126 shares during the period. Wood Tarver Financial Group LLC acquired a new position in shares of Realty Income during the fourth quarter worth $124,000. Castle Rock Wealth Management LLC increased its position in shares of Realty Income by 4.3% during the fourth quarter. Castle Rock Wealth Management LLC now owns 31,592 shares of the real estate investment trust's stock worth $1,721,000 after purchasing an additional 1,309 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Realty Income during the fourth quarter worth $320,000. Finally, Siemens Fonds Invest GmbH increased its position in shares of Realty Income by 39.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 15,303 shares of the real estate investment trust's stock worth $817,000 after purchasing an additional 4,365 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Realty Income stock traded up $0.25 during midday trading on Friday, reaching $56.61. The company had a trading volume of 9,965,391 shares, compared to its average volume of 5,210,949. The company has a market capitalization of $51.12 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The firm's fifty day simple moving average is $56.21 and its 200-day simple moving average is $55.60. 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 analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business's revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on O. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Stifel Nicolaus raised their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.15.

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.