Landscape Capital Management L.L.C. Acquires 21,051 Shares of Realty Income Co. (NYSE:O)

Landscape Capital Management L.L.C. grew its holdings in Realty Income Co. (NYSE:O) by 393.3% in the 4th quarter, Holdings Channel reports. The fund owned 26,403 shares of the real estate investment trust’s stock after purchasing an additional 21,051 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Realty Income were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Centiva Capital LP acquired a new stake in shares of Realty Income during the 3rd quarter worth approximately $406,000. HighTower Advisors LLC lifted its holdings in shares of Realty Income by 22.6% during the third quarter. HighTower Advisors LLC now owns 373,913 shares of the real estate investment trust’s stock valued at $23,713,000 after acquiring an additional 68,990 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Realty Income by 2.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock valued at $2,545,000 after purchasing an additional 923 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Realty Income by 2.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 352,925 shares of the real estate investment trust’s stock worth $22,290,000 after purchasing an additional 8,688 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Realty Income by 27.8% during the 3rd quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust’s stock valued at $3,950,000 after purchasing an additional 13,553 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $55.11 on Friday. The company has a market cap of $49.15 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 2.10 and a beta of 1.00. 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’s fifty day simple moving average is $56.03 and its 200 day simple moving average is $57.12. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O) last issued 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). 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 the consensus estimate of $1.28 billion. On average, research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is 328.57%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, BNP Paribas lowered 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. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average target price of $62.42.

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.