Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,522,670 shares of the real estate investment trust's stock after buying an additional 369,442 shares during the period. Charles Schwab Investment Management Inc. owned about 1.04% of Realty Income worth $431,951,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Baystate Wealth Management LLC lifted its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 208 shares during the period. Bank of New Hampshire grew its position in Realty Income by 23.3% during the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 208 shares during the period. Caprock Group LLC raised its position in Realty Income by 3.4% in the fourth quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust's stock worth $402,000 after acquiring an additional 231 shares during the period. Finally, Alliance Wealth Advisors LLC UT boosted its stake in Realty Income by 0.8% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 29,877 shares of the real estate investment trust's stock valued at $1,716,000 after acquiring an additional 236 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. 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 note on Thursday, January 11th. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a report on Thursday, February 8th. Stifel Nicolaus lowered their target price on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price target for the company. Finally, Mizuho decreased their price objective 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. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and a consensus target price of $60.96.
View Our Latest Analysis on Realty Income
Realty Income Trading Down 0.8 %
Realty Income stock traded down $0.43 during trading hours on Tuesday, reaching $55.02. The stock had a trading volume of 6,354,974 shares, compared to its average volume of 6,840,320. The stock has a market cap of $47.38 billion, a PE ratio of 43.67, a PEG ratio of 5.73 and a beta of 0.92. The company has a fifty day simple moving average of $52.94 and a 200-day simple moving average of $53.74. 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 Co. has a 52 week low of $45.03 and a 52 week high of $64.18.
Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.15 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business's quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.
Realty Income Dividend Announcement
The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders 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 yield of 5.9%. Realty Income's dividend payout ratio is currently 244.45%.
Insiders Place Their Bets
In related news, Director A. Larry Chapman sold 5,000 shares of the company's 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company's stock.
Realty Income Company Profile
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Free Report)
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.
Further Reading
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