Realty Income Co. (NYSE:O) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of Realty Income Co. (NYSE:O - Free Report) by 1,129.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,542 shares of the real estate investment trust's stock after buying an additional 367,955 shares during the quarter. Cerity Partners LLC owned approximately 0.06% of Realty Income worth $22,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. raised its position in Realty Income by 2.8% during the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust's stock valued at $373,000 after acquiring an additional 160 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Realty Income by 13.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 185 shares during the period. Vestcor Inc grew its holdings in Realty Income by 0.4% in the second quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust's stock valued at $2,877,000 after purchasing an additional 191 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Realty Income by 5.2% in the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust's stock valued at $206,000 after purchasing an additional 202 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Realty Income by 11.0% in the second quarter. Farther Finance Advisors LLC now owns 2,066 shares of the real estate investment trust's stock valued at $124,000 after purchasing an additional 205 shares during the period. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price target on the stock. Mizuho lowered their price target on Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, January 11th. Finally, StockNews.com raised Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.96.

Realty Income Stock Down 0.4 %

O traded down $0.22 on Friday, hitting $52.02. 6,410,640 shares of the company were exchanged, compared to its average volume of 5,395,311. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 5.42 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $52.63 and a two-hundred day moving average price of $53.27.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. On average, equities analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income's dividend payout ratio is currently 244.45%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company's stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

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.