576,988 Shares in Realty Income Co. (NYSE:O) Purchased by Demars Financial Group LLC

Demars Financial Group LLC purchased a new position in Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 576,988 shares of the real estate investment trust’s stock, valued at approximately $30,817,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Realty Income in the fourth quarter worth about $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income during the 4th quarter valued at approximately $553,572,000. California Public Employees Retirement System increased its stake in Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after acquiring an additional 811,037 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after acquiring an additional 555,908 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.5 %

Realty Income stock opened at $57.28 on Thursday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The business has a fifty day moving average of $56.03 and a two-hundred day moving average of $56.63. The firm has a market cap of $51.08 billion, a P/E ratio of 54.55, a P/E/G ratio of 2.10 and a beta of 0.79. 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 issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on O shares. Stifel Nicolaus reduced their price target 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, January 8th. Scotiabank decreased their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Barclays lifted their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.42.

Realty Income 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.