AlphaQuest LLC Acquires 46,662 Shares of Realty Income Corporation $O

AlphaQuest LLC raised its holdings in shares of Realty Income Corporation (NYSE:O) by 1,002.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,319 shares of the real estate investment trust’s stock after purchasing an additional 46,662 shares during the quarter. AlphaQuest LLC’s holdings in Realty Income were worth $3,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Moseley Investment Management Inc. raised its position in shares of Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares during the period. Crescent Sterling Ltd. boosted its holdings in shares of Realty Income by 4.1% during the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 176 shares during the period. Castle Rock Wealth Management LLC grew its stake in Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Realty Income by 10.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 177 shares during the period. Finally, Gold Investment Management Ltd. lifted its position in Realty Income by 0.3% during the third quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock worth $3,445,000 after acquiring an additional 182 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research report on Monday. Mizuho reduced their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Cantor Fitzgerald decreased their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Finally, Royal Bank Of Canada boosted their target price on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.71.

Realty Income Stock Performance

NYSE:O opened at $60.72 on Friday. The company has a market cap of $55.85 billion, a price-to-earnings ratio of 56.22, a PEG ratio of 3.86 and a beta of 0.80. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a fifty day moving average price of $58.18 and a 200-day moving average price of $58.33.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Realty Income’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio is 300.00%.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.