Realty Income Co. (NYSE:O) Shares Acquired by Ethic Inc.

Ethic Inc. raised its holdings in shares of Realty Income Co. (NYSE:O) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,756 shares of the real estate investment trust’s stock after buying an additional 15,371 shares during the period. Ethic Inc.’s holdings in Realty Income were worth $5,008,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in O. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the fourth quarter valued at approximately $553,572,000. Trust Co. of Vermont grew its position in Realty Income by 12.7% during the 4th 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% during the 4th 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. lifted its holdings in shares of 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Realty Income by 3.5% in 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. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Wedbush reissued a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday. BNP Paribas downgraded shares of 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. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $61.77.

Realty Income Stock Up 0.9 %

Shares of Realty Income stock opened at $56.75 on Friday. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $56.55 and a two-hundred day moving average price of $55.93. The stock has a market capitalization of $50.61 billion, a P/E ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio is presently 292.73%.

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.