Loomis Sayles & Co. L P Buys New Position in Realty Income Co. (NYSE:O)

Loomis Sayles & Co. L P bought a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,364 shares of the real estate investment trust’s stock, valued at approximately $73,000.

Other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income in the 4th quarter valued at approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $34,000. Finally, BankPlus Trust Department acquired a new position in shares of Realty Income in the fourth quarter valued at $37,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Realty Income stock opened at $56.61 on Monday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a 50-day simple moving average of $55.79 and a 200 day simple moving average of $57.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $50.47 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00.

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

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is presently 328.57%.

Wall Street Analyst Weigh In

O has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.04.

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.