Realty Income Co. (NYSE:O) Shares Acquired by Versor Investments LP

Versor Investments LP lifted its stake in Realty Income Co. (NYSE:O) by 159.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,100 shares of the real estate investment trust’s stock after buying an additional 26,500 shares during the period. Versor Investments LP’s holdings in Realty Income were worth $2,302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of O. Allspring Global Investments Holdings LLC lifted its stake in Realty Income by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock valued at $2,636,000 after buying an additional 677 shares during the last quarter. International Assets Investment Management LLC raised its position in Realty Income by 2,938.5% in the 3rd quarter. International Assets Investment Management LLC now owns 301,572 shares of the real estate investment trust’s stock valued at $19,126,000 after purchasing an additional 291,647 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Realty Income by 7.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 149,273 shares of the real estate investment trust’s stock worth $9,467,000 after purchasing an additional 10,287 shares during the period. abrdn plc grew its position in Realty Income by 15.4% during the 3rd quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock worth $81,079,000 after purchasing an additional 171,236 shares during the last quarter. Finally, MONECO Advisors LLC acquired a new position in Realty Income in the third quarter valued at $310,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on O. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $61.96.

Realty Income Stock Down 0.3 %

O stock opened at $56.07 on Thursday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. 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 company has a market cap of $49.07 billion, a P/E ratio of 53.40, a P/E/G ratio of 2.10 and a beta of 1.00. The company’s 50-day moving average price is $54.07 and its 200 day moving average price is $57.98.

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

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is currently 305.71%.

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.