Bleakley Financial Group LLC Boosts Stock Position in Realty Income Co. (NYSE:O)

Bleakley Financial Group LLC increased its stake in Realty Income Co. (NYSE:O) by 13.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,031 shares of the real estate investment trust’s stock after buying an additional 2,667 shares during the period. Bleakley Financial Group LLC’s holdings in Realty Income were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Panagora Asset Management Inc. lifted its holdings in shares of Realty Income by 33.7% during the 1st quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock valued at $1,767,000 after buying an additional 6,433 shares during the period. Blair William & Co. IL increased its stake in shares of Realty Income by 1.9% in the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after purchasing an additional 345 shares in the last quarter. Prudential PLC purchased a new stake in shares of Realty Income in the 1st quarter worth $592,000. Baird Financial Group Inc. increased its stake in shares of Realty Income by 8.2% in the 1st quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after purchasing an additional 8,803 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Realty Income by 5.6% in the 1st quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after purchasing an additional 1,671 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Stock Performance

Shares of O stock opened at $52.23 on Friday. The business’s fifty day simple moving average is $52.67 and its 200-day simple moving average is $53.27. The company has a market cap of $44.98 billion, a PE ratio of 41.45, a PEG ratio of 5.41 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. Analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is presently 244.45%.

Analyst Ratings Changes

O has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus reduced their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, 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 target for the company. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $60.96.

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.