GF Fund Management CO. LTD. purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,825 shares of the real estate investment trust's stock, valued at approximately $845,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simon Quick Advisors LLC raised its stake in shares of Realty Income by 18.2% in the fourth quarter. Simon Quick Advisors LLC now owns 3,972 shares of the real estate investment trust's stock worth $212,000 after purchasing an additional 613 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Realty Income by 18.5% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust's stock worth $158,000 after buying an additional 462 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Realty Income by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 550,264 shares of the real estate investment trust's stock valued at $29,390,000 after acquiring an additional 22,422 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Realty Income by 28.8% during the fourth quarter. Avior Wealth Management LLC now owns 13,725 shares of the real estate investment trust's stock valued at $733,000 after acquiring an additional 3,067 shares during the last quarter. Finally, Red Door Wealth Management LLC bought a new stake in Realty Income during the fourth quarter worth $289,000. Institutional investors own 70.81% of the company's stock.
Analyst Upgrades and Downgrades
O has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Scotiabank upped their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, UBS Group reduced their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus price target of $61.15.
Check Out Our Latest Analysis on O
Realty Income Stock Performance
Shares of Realty Income stock traded down $0.29 during trading hours 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. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The business has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $55.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $50.46 billion, a PE ratio of 53.21, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $1.03 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.
Realty Income Dividend Announcement
The company also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given 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%.
Realty Income Profile
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Free Report)
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.
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