Congress Park Capital LLC Purchases New Holdings in Realty Income Co. (NYSE:O)

Congress Park Capital LLC purchased a new position in shares of Realty Income Co. (NYSE:OFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,750 shares of the real estate investment trust’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. State Street Corp increased its stake in shares of Realty Income by 5.0% during the 2nd quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock worth $3,100,637,000 after purchasing an additional 2,460,053 shares during the last quarter. Cohen & Steers Inc. raised its holdings in shares of Realty Income by 4.3% in the 2nd quarter. Cohen & Steers Inc. now owns 45,307,933 shares of the real estate investment trust’s stock valued at $2,709,100,000 after purchasing an additional 1,861,224 shares during the period. Morgan Stanley lifted its stake in Realty Income by 13.6% in 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 purchasing an additional 2,273,591 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Realty Income by 0.6% during the first quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock worth $912,560,000 after purchasing an additional 86,340 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $54.10 on Monday. 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 Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a market cap of $46.59 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 5.62 and a beta of 0.92. The stock has a fifty day moving average price of $53.06 and a 200-day moving average price of $53.31.

Realty Income (NYSE:OGet Free Report) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $1.00 earnings per share. Realty Income’s quarterly revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.257 per share. The ex-dividend date is Friday, March 29th. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. Realty Income’s dividend payout ratio is presently 244.45%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on O. BNP Paribas raised Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective for the company in a research report on Wednesday, December 13th. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective on the stock in a research report on Wednesday, December 6th. Stifel Nicolaus reduced their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, Mizuho lowered their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.96.

Read Our Latest Stock Report on O

Realty Income Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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