Realty Income Co. (NYSE:O) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,502 shares of the real estate investment trust’s stock after buying an additional 2,708 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Realty Income were worth $4,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Realty Income during the fourth quarter worth approximately $553,572,000. Trust Co. of Vermont boosted its holdings in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. increased its stake in Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after buying an additional 74,185 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

O stock opened at $56.89 on Friday. The firm has a market cap of $50.74 billion, a P/E ratio of 54.19, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88. The stock has a 50-day simple moving average of $56.50 and a 200-day simple moving average of $56.37.

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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income’s payout ratio is currently 328.57%.

Analysts Set New Price Targets

Several analysts have commented on the company. 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. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research report on Tuesday. Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.35.

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.