Sophron Capital Management L.P. Purchases New Holdings in Realty Income Co. (NYSE:O)

Sophron Capital Management L.P. acquired a new stake in shares of Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,293 shares of the real estate investment trust's stock, valued at approximately $2,633,000.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter valued at approximately $553,572,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares during the period. Employees Retirement System of Texas increased its holdings in Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after purchasing an additional 19,527 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Down 1.6%

Shares of NYSE:O traded down $0.92 during midday trading on Wednesday, reaching $55.29. The company had a trading volume of 4,526,438 shares, compared to its average volume of 5,225,961. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business's 50 day moving average price is $56.31 and its 200 day moving average price is $55.69. The stock has a market cap of $49.93 billion, a PE ratio of 52.65, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 1-year low of $50.71 and a 1-year 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, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on O shares. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada decreased 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. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.