Schonfeld Strategic Advisors LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,895 shares of the real estate investment trust's stock after purchasing an additional 17,237 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Realty Income were worth $3,786,000 as of its most recent filing with the SEC.

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

Realty Income Stock Down 0.4 %

NYSE:O traded down $0.23 during trading hours on Friday, hitting $56.94. 4,290,822 shares of the company traded hands, compared to its average volume of 5,204,418. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. 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 company has a market cap of $50.78 billion, a PE ratio of 54.23, a PEG ratio of 2.10 and a beta of 0.78. The firm's 50-day simple moving average is $56.58 and its 200-day simple moving average is $56.19.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's payout ratio is 328.57%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on O shares. Royal Bank of Canada lowered their price objective 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. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Finally, Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.35.

Realty Income 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.