Redwood Investment Management LLC Increases Stake in Realty Income Co. (NYSE:O)

Redwood Investment Management LLC lifted its holdings in Realty Income Co. (NYSE:O) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,880 shares of the real estate investment trust’s stock after buying an additional 4,123 shares during the quarter. Redwood Investment Management LLC’s holdings in Realty Income were worth $1,916,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $553,572,000. Trust Co. of Vermont boosted its position in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after buying an additional 101,184 shares in the last quarter. Finally, Employees Retirement System of Texas increased its position in shares of Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust’s stock valued at $26,074,000 after buying an additional 78,000 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Barclays reissued an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. UBS Group reduced their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wedbush reiterated a “neutral” rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $61.15.

Realty Income Price Performance

Shares of NYSE:O opened at $54.60 on Thursday. The company has a market cap of $49.31 billion, a P/E ratio of 52.00, a P/E/G ratio of 2.10 and a beta of 0.78. The business has a fifty day simple moving average of $56.38 and a 200-day simple moving average of $55.83. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. 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 posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.2685 per share. This represents a yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is 292.73%.

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.