Graypoint LLC Has $401,000 Stake in Realty Income Co. (NYSE:O)

Graypoint LLC boosted its position in shares of Realty Income Co. (NYSE:O) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,505 shares of the real estate investment trust’s stock after purchasing an additional 679 shares during the period. Graypoint LLC’s holdings in Realty Income were worth $401,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in O. Acadian Asset Management LLC acquired a new stake in shares of Realty Income during the second quarter worth approximately $1,491,000. Quest Partners LLC grew its holdings in shares of Realty Income by 9,558.3% during the 2nd quarter. Quest Partners LLC now owns 2,318 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 2,294 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Realty Income in the second quarter worth $42,000. AGF Management Ltd. raised its holdings in shares of Realty Income by 3.3% during the second quarter. AGF Management Ltd. now owns 45,090 shares of the real estate investment trust’s stock worth $2,382,000 after acquiring an additional 1,450 shares in the last quarter. Finally, BOKF NA boosted its position in Realty Income by 107.3% during the second quarter. BOKF NA now owns 11,513 shares of the real estate investment trust’s stock valued at $608,000 after purchasing an additional 5,959 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. Barclays began coverage on Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. Royal Bank of Canada cut their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.50.

Realty Income Price Performance

NYSE:O opened at $51.73 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a fifty day moving average price of $55.34 and a 200 day moving average price of $58.33. The stock has a market cap of $45.27 billion, a P/E ratio of 49.27, a PEG ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business posted $1.02 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.264 dividend. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s dividend payout ratio is presently 300.95%.

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.