Realty Income Co. (NYSE:O) Stock Holdings Boosted by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 2,370.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,118 shares of the real estate investment trust's stock after acquiring an additional 74,956 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Realty Income were worth $4,172,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of O. World Investment Advisors LLC purchased a new position in Realty Income during the third quarter worth approximately $1,411,000. Wilmington Savings Fund Society FSB purchased a new position in Realty Income during the third quarter worth approximately $1,032,000. Tidal Investments LLC raised its stake in shares of Realty Income by 39.2% in the 3rd quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock valued at $2,215,000 after acquiring an additional 9,891 shares during the period. Peapack Gladstone Financial Corp raised its stake in shares of Realty Income by 0.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 71,562 shares of the real estate investment trust's stock valued at $4,538,000 after acquiring an additional 518 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Realty Income by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust's stock valued at $34,736,000 after acquiring an additional 22,614 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

O traded down $0.36 during trading hours on Thursday, hitting $57.23. The company's stock had a trading volume of 1,679,484 shares, compared to its average volume of 5,218,650. 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 current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $51.03 billion, a PE ratio of 54.47, a PEG ratio of 2.10 and a beta of 0.79. The company has a 50-day simple moving average of $56.56 and a 200 day simple moving average of $56.32.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's payout ratio is currently 328.57%.

Analyst Ratings Changes

A number of equities analysts have 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 target price on the stock. in a research note on Tuesday, February 25th. Scotiabank cut their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.35.

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.