Realty Income Co. (NYSE:O) Position Boosted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its stake in Realty Income Co. (NYSE:O) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,633 shares of the real estate investment trust’s stock after purchasing an additional 1,840 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Realty Income were worth $21,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in O. Tcfg Wealth Management LLC boosted its position in Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 186 shares during the last quarter. Romano Brothers AND Company raised its stake in shares of Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 200 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 200 shares during the last quarter. Smith Moore & CO. grew its stake in shares of Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE O opened at $55.14 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market cap of $49.17 billion, a P/E ratio of 52.51, a P/E/G ratio of 2.10 and a beta of 0.79. The business’s 50 day moving average is $55.87 and its two-hundred day moving average is $56.70. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced 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 return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. On average, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s payout ratio is presently 328.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on O. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Mizuho lifted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Barclays increased their target price 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. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $62.42.

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.