3,946 Shares in Realty Income Co. (NYSE:O) Purchased by Prosperitas Financial LLC

Prosperitas Financial LLC purchased a new position in Realty Income Co. (NYSE:O) during the fourth quarter, Holdings Channel reports. The fund purchased 3,946 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in Realty Income by 7.2% in the 4th quarter. QRG Capital Management Inc. now owns 48,220 shares of the real estate investment trust’s stock valued at $2,575,000 after acquiring an additional 3,249 shares during the period. Versor Investments LP raised its stake in Realty Income by 159.6% in the 4th quarter. Versor Investments LP now owns 43,100 shares of the real estate investment trust’s stock valued at $2,302,000 after acquiring an additional 26,500 shares during the period. Proficio Capital Partners LLC bought a new stake in Realty Income in the 4th quarter valued at about $5,442,000. Oppenheimer & Co. Inc. raised its stake in Realty Income by 5.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 96,301 shares of the real estate investment trust’s stock valued at $5,143,000 after acquiring an additional 4,891 shares during the period. Finally, Flynn Zito Capital Management LLC raised its stake in Realty Income by 19.4% in the 4th quarter. Flynn Zito Capital Management LLC now owns 4,727 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 767 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on O shares. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus decreased their price target on 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 price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday. Finally, Barclays decreased their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.96.

Realty Income Stock Up 0.9 %

O stock opened at $56.59 on Friday. 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 50 day moving average is $54.16 and its 200 day moving average is $57.97. The stock has a market cap of $49.52 billion, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. 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 the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is currently 327.55%.

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.