Bay Rivers Group Purchases 200 Shares of Realty Income Co. (NYSE:O)

Bay Rivers Group boosted its holdings in shares of Realty Income Co. (NYSE:O) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,644 shares of the real estate investment trust’s stock after buying an additional 200 shares during the period. Bay Rivers Group’s holdings in Realty Income were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Parnassus Investments LLC lifted its holdings in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC lifted its stake in Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after purchasing an additional 3,112,560 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on O. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Scotiabank decreased their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Trading Up 3.1 %

NYSE O opened at $56.03 on Tuesday. The stock has a market cap of $49.03 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a 50 day simple moving average of $54.68 and a two-hundred day simple moving average of $58.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio is currently 301.91%.

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.