Realty Income Co. (NYSE:O) Position Boosted by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in Realty Income Co. (NYSE:O - Free Report) by 369.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,494 shares of the real estate investment trust's stock after acquiring an additional 87,768 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Realty Income were worth $5,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC bought a new position in Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in Realty Income during the fourth quarter worth $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

NYSE O traded up $0.35 on Friday, reaching $55.53. The company's stock had a trading volume of 4,003,561 shares, compared to its average volume of 5,212,802. Realty Income Co. has a twelve month low of $50.71 and a twelve month 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 firm's 50 day moving average is $56.21 and its two-hundred day moving average is $55.63. The stock has a market cap of $50.15 billion, a PE ratio of 52.88, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $1.03 EPS. The business's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio (DPR) is 292.73%.

Analysts Set New Price Targets

Several brokerages have weighed in on O. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank increased their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Stifel Nicolaus increased their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.