Clarius Group LLC Makes New Investment in Realty Income Co. (NYSE:O)

Clarius Group LLC purchased a new position in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,691 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in Realty Income by 100,285.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock worth $547,028,000 after buying an additional 8,615,530 shares in the last quarter. Norges Bank purchased a new position in Realty Income in the 4th quarter valued at about $316,245,000. Vanguard Group Inc. boosted its position 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 acquiring an additional 4,172,231 shares during the last quarter. Scharf Investments LLC acquired a new position in Realty Income in the 3rd quarter valued at $122,526,000. Finally, Morgan Stanley grew its position in shares of Realty Income by 13.6% in the fourth 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 period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.7 %

Shares of O opened at $51.66 on Tuesday. 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 one year low of $45.03 and a one year high of $64.18. The stock has a 50-day moving average price of $52.61 and a 200 day moving average price of $53.34. The company has a market capitalization of $44.48 billion, a P/E ratio of 41.00, a P/E/G ratio of 5.40 and a beta of 0.92.

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

Realty Income Announces Dividend

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

Analysts Set New Price Targets

O has been the topic of a number of research analyst reports. Mizuho decreased their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus lowered 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. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $60.96.

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.