Bay Rivers Group Increases Position in Realty Income Co. (NYSE:O)

Bay Rivers Group boosted its stake in shares of Realty Income Co. (NYSE:OFree Report) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,330 shares of the real estate investment trust’s stock after acquiring an additional 4,801 shares during the quarter. Bay Rivers Group’s holdings in Realty Income were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Portside Wealth Group LLC acquired a new position in shares of Realty Income during the 2nd quarter worth $695,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Realty Income by 6.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 403 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust’s stock valued at $357,228,000 after buying an additional 407,538 shares during the period. Rhumbline Advisers grew its stake in Realty Income by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 1,527,770 shares of the real estate investment trust’s stock worth $76,297,000 after acquiring an additional 11,815 shares during the period. Finally, Windle Wealth LLC lifted its position in Realty Income by 13.5% during the third quarter. Windle Wealth LLC now owns 97,933 shares of the real estate investment trust’s stock worth $4,891,000 after buying an additional 11,683 shares during the period. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wolfe Research raised Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research report on Wednesday, December 6th. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. BNP Paribas raised Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Wednesday, December 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. 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, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Check Out Our Latest Research Report on Realty Income

Realty Income Stock Performance

O stock traded up $0.05 during midday trading on Thursday, hitting $52.49. 5,068,986 shares of the company traded hands, compared to its average volume of 7,319,811. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The business has a 50 day simple moving average of $53.74 and a 200-day simple moving average of $53.42. The stock has a market capitalization of $45.20 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Realty Income’s revenue was up 21.1% compared to the same quarter last year. As a group, equities research analysts predict that Realty Income Co. will post 4.17 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.257 per share. This represents a dividend yield of 6%. The ex-dividend date is Thursday, March 28th. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. Realty Income’s dividend payout ratio is 244.45%.

Realty Income Company 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.

See Also

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

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