Realty Income Co. (NYSE:O) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its position in shares of Realty Income Co. (NYSE:OFree Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,299 shares of the real estate investment trust’s stock after acquiring an additional 207 shares during the quarter. 1832 Asset Management L.P.’s holdings in Realty Income were worth $2,084,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Baystate Wealth Management LLC grew its position in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Realty Income by 0.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock valued at $3,812,000 after purchasing an additional 204 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Realty Income by 24.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 208 shares in the last quarter. Bank of New Hampshire grew its position in shares of Realty Income by 23.3% in the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 208 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Realty Income by 1.4% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,670 shares of the real estate investment trust’s stock valued at $957,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Down 1.7 %

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 business has a fifty day simple moving average of $53.51 and a 200-day simple moving average of $54.26. The firm has a market cap of $46.43 billion, a P/E ratio of 49.37, a P/E/G ratio of 4.66 and a beta of 0.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. On average, equities analysts expect that Realty Income Co. will post 4.18 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.2625 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s payout ratio is 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 dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on O

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

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