Realty Income Co. (NYSE:O) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Realty Income Co. (NYSE:O - Free Report) by 103.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,206 shares of the real estate investment trust's stock after acquiring an additional 374,556 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Realty Income worth $42,273,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Baystate Wealth Management LLC increased its position in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Realty Income during the 4th quarter worth $29,000. Manchester Capital Management LLC raised its stake in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 423 shares during the period. Operose Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $30,000. Finally, Orion Capital Management LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $35,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on O. BMO Capital Markets began coverage on Realty Income in a research note on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price objective on the stock. Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Friday. Stifel Nicolaus lowered their price objective 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. Finally, StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.21.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company's stock.

Realty Income Trading Down 0.1 %

O stock traded down $0.05 on Monday, reaching $54.96. The company's stock had a trading volume of 3,918,307 shares, compared to its average volume of 6,765,827. The business has a fifty day simple moving average of $53.10 and a two-hundred day simple moving average of $53.85. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm has a market cap of $47.86 billion, a PE ratio of 50.89, a PEG ratio of 5.68 and a beta of 0.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83.

Realty Income (NYSE:O - Get Free Report) last announced 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 firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business's quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income's payout ratio is presently 285.19%.

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.