Point72 Asia Singapore Pte. Ltd. Invests $1.31 Million in Realty Income Co. (NYSE:O)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,461 shares of the real estate investment trust's stock, valued at approximately $1,306,000.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. purchased a new position in shares of Realty Income during the fourth quarter worth approximately $553,572,000. Northern Trust Corp increased its holdings in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. California Public Employees Retirement System raised its position in Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on O. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wedbush reissued a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Down 0.8%

Realty Income stock opened at $54.60 on Thursday. The stock's 50 day moving average price is $56.38 and its 200 day moving average price is $55.83. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a market cap of $49.31 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $1.03 earnings per share. Realty Income's quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

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.

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