17,694 Shares in Realty Income Co. (NYSE:O) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,694 shares of the real estate investment trust’s stock, valued at approximately $945,000.

A number of other hedge funds have also recently bought and sold shares of O. Lee Danner & Bass Inc. purchased a new position in Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the 4th quarter worth about $32,000. Millstone Evans Group LLC purchased a new position in Realty Income in the 4th quarter worth about $34,000. Finally, BankPlus Trust Department purchased a new position in Realty Income in the 4th quarter worth about $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 1.2 %

Shares of Realty Income stock opened at $55.79 on Monday. The stock has a 50-day simple moving average of $55.52 and a 200-day simple moving average of $57.47. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $49.73 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s payout ratio is 328.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on O shares. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays raised their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.04.

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.