Vivaldi Capital Management LP Invests $206,000 in Realty Income Co. (NYSE:O)

Vivaldi Capital Management LP bought a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,679 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. bought a new position in shares of Realty Income during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income during the fourth quarter valued at approximately $37,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

O has been the subject of several recent analyst reports. Barclays restated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Royal Bank of Canada lowered 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 note on Wednesday, February 26th. Finally, BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.15.

Realty Income Stock Performance

NYSE:O opened at $56.24 on Tuesday. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a fifty day simple moving average of $56.30 and a 200-day simple moving average of $55.68. 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 capitalization of $50.79 billion, a P/E ratio of 53.56, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio is presently 292.73%.

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.