Realty Income Co. (NYSE:O) Shares Purchased by Crescent Sterling Ltd.

Crescent Sterling Ltd. increased its position in shares of Realty Income Co. (NYSE:O) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,408 shares of the real estate investment trust’s stock after acquiring an additional 250 shares during the period. Crescent Sterling Ltd.’s holdings in Realty Income were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of O. Norges Bank purchased a new position in Realty Income in the 4th quarter worth about $506,526,000. Vanguard Group Inc. increased its stake in Realty Income by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares in the last quarter. Principal Financial Group Inc. increased its stake in Realty Income by 107.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after purchasing an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Realty Income by 213.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after purchasing an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC purchased a new position in Realty Income in the 4th quarter worth about $58,843,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

O has been the subject of a number of research reports. Mizuho decreased their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. BMO Capital Markets initiated coverage on 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. Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Performance

NYSE O traded down $0.77 during trading on Tuesday, hitting $53.54. The company’s stock had a trading volume of 8,568,562 shares, compared to its average volume of 6,842,180. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $52.71 and a 200 day moving average price of $53.57. The firm has a market cap of $46.11 billion, a P/E ratio of 42.49, a price-to-earnings-growth ratio of 5.57 and a beta of 0.92. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18.

Realty Income (NYSE:O) last issued its quarterly 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). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. Equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

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.