GRS Advisors LLC lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 36.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,232,324 shares of the real estate investment trust's stock after purchasing an additional 328,057 shares during the quarter. Realty Income comprises 6.5% of GRS Advisors LLC's portfolio, making the stock its 3rd largest position. GRS Advisors LLC owned approximately 0.14% of Realty Income worth $65,818,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in O. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income during the fourth quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income in the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new position in Realty Income in the 4th quarter valued at about $32,000. Millstone Evans Group LLC acquired a new position in Realty Income during the 4th quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income during the 4th quarter worth about $37,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on O shares. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.85.
Read Our Latest Stock Analysis on Realty Income
Realty Income Trading Down 1.3%
O stock traded down $0.75 during mid-day trading on Monday, reaching $55.94. 8,770,374 shares of the stock traded hands, compared to its average volume of 5,201,070. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a market cap of $50.52 billion, a P/E ratio of 53.28, a P/E/G ratio of 2.10 and a beta of 0.78. The stock's fifty day moving average is $56.55 and its 200-day moving average is $55.88.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the company posted $1.03 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Announces Dividend
The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.2685 per share. Realty Income's payout ratio is 292.73%.
About Realty Income
(
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.
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