Ethic Inc. Raises Holdings in Realty Income Co. (NYSE:O)

Ethic Inc. raised its position in shares of Realty Income Co. (NYSE:O - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,756 shares of the real estate investment trust's stock after buying an additional 15,371 shares during the period. Ethic Inc.'s holdings in Realty Income were worth $5,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after buying an additional 74,185 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Realty Income by 15.7% during the fourth quarter. Nordea Investment Management AB now owns 73,627 shares of the real estate investment trust's stock worth $3,919,000 after purchasing an additional 9,998 shares in the last quarter. ORG Partners LLC increased its position in shares of Realty Income by 673.9% during the fourth quarter. ORG Partners LLC now owns 1,842 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 1,604 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Realty Income by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 149,758 shares of the real estate investment trust's stock worth $7,999,000 after purchasing an additional 485 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 567 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.9%

Shares of O stock traded up $0.50 during mid-day trading on Friday, hitting $56.75. 3,633,607 shares of the company's stock were exchanged, compared to its average volume of 5,186,712. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a 50-day simple moving average of $56.55 and a two-hundred day simple moving average of $55.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.61 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business's revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Stifel Nicolaus boosted 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. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average price target of $61.77.

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.