Pacifica Partners Inc. Acquires 12,369 Shares of Realty Income Co. (NYSE:O)

Pacifica Partners Inc. boosted its position in Realty Income Co. (NYSE:O - Free Report) by 1,363.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,276 shares of the real estate investment trust's stock after purchasing an additional 12,369 shares during the period. Pacifica Partners Inc.'s holdings in Realty Income were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of O. Norges Bank acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. bought a new stake in Realty Income in the 4th quarter valued at $553,572,000. Northern Trust Corp grew its holdings in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System increased its position in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after buying an additional 811,037 shares during the period. Finally, GAMMA Investing LLC increased its position in Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after buying an additional 694,983 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of O stock traded up $0.12 during trading hours on Wednesday, reaching $56.13. The company's stock had a trading volume of 2,448,973 shares, compared to its average volume of 5,183,823. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. 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 market capitalization of $50.69 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 2.10 and a beta of 0.78. The firm's 50 day simple moving average is $56.21 and its 200-day simple moving average is $55.59.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on O shares. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Mizuho lifted their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.15.

Realty Income 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.