Silvia Mccoll Wealth Management LLC bought a new position in Realty Income Co. (NYSE:O - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,285 shares of the real estate investment trust's stock, valued at approximately $307,000.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after acquiring an additional 555,908 shares during the last quarter. Geode Capital Management LLC grew its holdings in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp grew its holdings in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Norges Bank bought a new stake in Realty Income during the 4th quarter worth about $624,666,000. Finally, Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter worth about $553,572,000. Institutional investors own 70.81% of the company's stock.
Realty Income Trading Up 0.4%
Shares of NYSE:O traded up $0.25 during mid-day trading on Friday, reaching $56.61. The stock had a trading volume of 9,965,391 shares, compared to its average volume of 5,195,409. The firm has a market cap of $51.12 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The firm has a 50 day simple moving average of $56.21 and a two-hundred day simple moving average of $55.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion for 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%. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The company also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio is 292.73%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on O shares. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus upped their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. UBS Group cut their target price on shares of 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 target price on shares of 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.15.
Read Our Latest Stock Analysis on O
Realty Income Profile
(
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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