Russell Investments Group Ltd. Grows Stock Holdings in Realty Income Co. (NYSE:O)

Russell Investments Group Ltd. boosted its holdings in shares of Realty Income Co. (NYSE:O) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,499,654 shares of the real estate investment trust’s stock after purchasing an additional 61,267 shares during the quarter. Russell Investments Group Ltd.’s holdings in Realty Income were worth $143,821,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC raised its stake in Realty Income by 423.6% during the fourth quarter. Headlands Technologies LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 860 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Realty Income in the fourth quarter valued at $877,000. State of New Jersey Common Pension Fund D raised its stake in shares of Realty Income by 5.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 408,130 shares of the real estate investment trust’s stock valued at $23,435,000 after acquiring an additional 22,476 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Realty Income in the fourth quarter valued at $1,027,000. Finally, Bank of New Hampshire raised its stake in shares of Realty Income by 23.3% in the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 208 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Down 0.2 %

Shares of NYSE:O traded down $0.09 during trading on Friday, reaching $53.71. The stock had a trading volume of 6,861,575 shares, compared to its average volume of 5,076,704. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a market capitalization of $46.25 billion, a P/E ratio of 42.64, a PEG ratio of 5.58 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $53.48.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Royal Bank of Canada increased their target price 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. Stifel Nicolaus reduced their price target 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. Mizuho reduced their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income 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.