Morningstar Investment Services LLC Acquires Shares of 5,282 Realty Income Co. (NYSE:O)

Morningstar Investment Services LLC bought a new stake in shares of Realty Income Co. (NYSE:OFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,282 shares of the real estate investment trust’s stock, valued at approximately $309,000.

Other hedge funds also recently made changes to their positions in the company. American National Bank purchased a new position in Realty Income in the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC lifted its position in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Realty Income during the 4th quarter worth $29,000. Manchester Capital Management LLC grew its stake in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares during the period. Finally, Private Wealth Management Group LLC purchased a new stake in Realty Income in the 4th quarter worth about $32,000. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

O has been the subject of a number of research reports. Mizuho increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. UBS Group dropped their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $61.35.

View Our Latest Report on O

Realty Income Price Performance

NYSE:O opened at $53.32 on Friday. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock has a fifty day moving average of $53.51 and a 200 day moving average of $54.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $46.43 billion, a price-to-earnings ratio of 49.37, a P/E/G ratio of 4.66 and a beta of 0.94.

Realty Income (NYSE:OGet Free Report) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business earned $0.98 EPS. The business’s revenue was up 33.5% on a year-over-year basis. On average, research analysts expect that Realty Income Co. will post 4.18 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a $0.2625 dividend. This represents a yield of 5.7%. The ex-dividend date is Monday, June 3rd. This is a boost from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s payout ratio is currently 291.67%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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