Commonwealth Equity Services LLC Grows Stock Holdings in Realty Income Co. (NYSE:O)

Commonwealth Equity Services LLC boosted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 465,082 shares of the real estate investment trust's stock after purchasing an additional 74,531 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of Realty Income worth $26,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its position in shares of Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. Baystate Wealth Management LLC lifted its position in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Realty Income in the fourth quarter valued at about $29,000. Operose Advisors LLC purchased a new position in shares of Realty Income in the third quarter valued at about $30,000. Finally, Orion Capital Management LLC purchased a new position in shares of Realty Income in the third quarter valued at about $35,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.3 %

Shares of O traded up $0.17 during mid-day trading on Monday, reaching $55.43. 6,842,039 shares of the company's stock traded hands, compared to its average volume of 6,845,817. The stock has a market cap of $47.73 billion, a P/E ratio of 43.91, a P/E/G ratio of 5.73 and a beta of 0.92. The stock's 50-day moving average is $52.83 and its two-hundred day moving average is $53.65. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

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 analysts' consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. Research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid 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 244.45%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company's stock, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

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.