Edgestream Partners L.P. Acquires Shares of 11,106 Realty Income Co. (NYSE:O)

Edgestream Partners L.P. acquired a new stake in Realty Income Co. (NYSE:O) in the 4th quarter, Holdings Channel.com reports. The fund acquired 11,106 shares of the real estate investment trust’s stock, valued at approximately $593,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Marco Investment Management LLC increased its stake in shares of Realty Income by 5.0% in the 4th quarter. Marco Investment Management LLC now owns 65,223 shares of the real estate investment trust’s stock valued at $3,484,000 after purchasing an additional 3,102 shares during the last quarter. West Family Investments Inc. increased its stake in shares of Realty Income by 21.3% in the 4th quarter. West Family Investments Inc. now owns 5,801 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 1,018 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Realty Income in the 4th quarter valued at $204,000. Raymond James Financial Inc. bought a new position in shares of Realty Income in the 4th quarter valued at $553,572,000. Finally, Vision Financial Markets LLC bought a new position in shares of Realty Income in the 4th quarter valued at $59,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank decreased their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Trading Down 0.6 %

NYSE O opened at $56.39 on Thursday. The firm has a market capitalization of $50.27 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $54.97 and its two-hundred day moving average price is $57.77. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. Realty Income’s dividend payout ratio (DPR) is currently 327.55%.

About Realty Income

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.