Tidal Investments LLC Grows Position in Realty Income Co. (NYSE:O)

Tidal Investments LLC lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,434 shares of the real estate investment trust's stock after buying an additional 9,337 shares during the quarter. Tidal Investments LLC's holdings in Realty Income were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Tcfg Wealth Management LLC grew its position in Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 186 shares during the period. Bay Rivers Group grew its position in Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after purchasing an additional 200 shares during the period. Smith Moore & CO. grew its position in Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 201 shares during the period. Parkside Financial Bank & Trust grew its position in Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after purchasing an additional 218 shares during the period. Finally, Howard Capital Management Inc. lifted its stake in Realty Income by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on O shares. Scotiabank lifted their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Stifel Nicolaus boosted their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and an average price target of $61.15.

Realty Income Stock Up 0.6%

Shares of NYSE O traded up $0.35 during trading on Friday, reaching $55.53. The company had a trading volume of 4,003,561 shares, compared to its average volume of 5,212,802. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The stock has a market cap of $50.15 billion, a PE ratio of 52.88, a P/E/G ratio of 2.10 and a beta of 0.78. The business's 50-day moving average is $56.21 and its 200 day moving average is $55.63. 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 (NYSE:O - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid 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 currently 292.73%.

Realty Income Company 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.