Realty Income Co. (NYSE:O) Stake Boosted by Cwm LLC

Cwm LLC increased its stake in Realty Income Co. (NYSE:O) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,050 shares of the real estate investment trust’s stock after purchasing an additional 5,027 shares during the quarter. Cwm LLC’s holdings in Realty Income were worth $4,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of Realty Income by 5.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 202 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Realty Income by 24.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 208 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Realty Income by 3.4% during the 4th quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 231 shares during the last quarter. Finally, Jeppson Wealth Management LLC lifted its holdings in shares of Realty Income by 1.6% during the 3rd quarter. Jeppson Wealth Management LLC now owns 15,094 shares of the real estate investment trust’s stock valued at $754,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of several research reports. BMO Capital Markets initiated coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus decreased their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Price Performance

Shares of NYSE O opened at $53.41 on Wednesday. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock has a fifty day simple moving average of $52.54 and a two-hundred day simple moving average of $53.45. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a market cap of $45.99 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 5.53 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted $1.00 EPS. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

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.