Realty Income Co. (NYSE:O) Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its stake in shares of Realty Income Co. (NYSE:O) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,888 shares of the real estate investment trust’s stock after buying an additional 377 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Realty Income were worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in O. Sierra Ocean LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $32,000. BankPlus Trust Department acquired a new position in Realty Income in the fourth quarter valued at approximately $37,000. ST Germain D J Co. Inc. boosted its holdings in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $40,000. Finally, Independence Bank of Kentucky boosted its holdings in Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on O. Stifel Nicolaus lowered 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. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

Realty Income stock opened at $58.48 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $54.73 and a 200-day simple moving average of $57.85. The stock has a market capitalization of $52.14 billion, a PE ratio of 55.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is 327.55%.

Realty Income Company 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.