Cornercap Investment Counsel Inc. Purchases 12,134 Shares of Realty Income Co. (NYSE:O)

Cornercap Investment Counsel Inc. grew its position in shares of Realty Income Co. (NYSE:O) by 152.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,085 shares of the real estate investment trust’s stock after acquiring an additional 12,134 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Realty Income were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Vanguard Group Inc. raised its holdings in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the period. Morgan Stanley raised its holdings in Realty Income by 13.6% during the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock valued at $1,202,097,000 after buying an additional 2,273,591 shares during the period. Geode Capital Management LLC raised its holdings in Realty Income by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock valued at $912,560,000 after buying an additional 86,340 shares during the period. JPMorgan Chase & Co. raised its holdings in Realty Income by 7.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,447,342 shares of the real estate investment trust’s stock valued at $724,847,000 after buying an additional 829,227 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Realty Income by 1.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after buying an additional 117,313 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 0.3 %

O stock traded down $0.18 during trading on Monday, reaching $51.84. 875,362 shares of the company traded hands, compared to its average volume of 6,880,158. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The business has a 50 day simple moving average of $52.63 and a 200 day simple moving average of $53.32. The company has a market capitalization of $44.64 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

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 for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $1.00 EPS. Realty Income’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, equities research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on O. Mizuho decreased their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus reduced their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada increased their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets assumed coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.96.

Insider Activity 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 value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

About Realty Income

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.