Loudon Investment Management LLC Buys 7,110 Shares of Realty Income Co. (NYSE:O)

Loudon Investment Management LLC boosted its holdings in Realty Income Co. (NYSE:O) by 47.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 21,980 shares of the real estate investment trust’s stock after buying an additional 7,110 shares during the period. Loudon Investment Management LLC’s holdings in Realty Income were worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of O. Geode Capital Management LLC grew its position in shares of Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Realty Income in the fourth quarter worth about $553,572,000. Charles Schwab Investment Management Inc. lifted its stake in Realty Income by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock worth $533,529,000 after purchasing an additional 260,071 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Realty Income by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock valued at $312,314,000 after acquiring an additional 50,670 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Eleven 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, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Trading Up 0.0 %

NYSE O opened at $56.45 on Friday. The company has a market capitalization of $50.33 billion, a PE ratio of 53.76, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a fifty day moving average of $55.44 and a 200 day moving average of $57.58. Realty Income Co. has a 1 year low of $50.65 and a 1 year 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.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 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%. Research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is 328.57%.

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.