Altshuler Shaham Ltd Raises Holdings in Realty Income Co. (NYSE:O)

Altshuler Shaham Ltd increased its stake in shares of Realty Income Co. (NYSE:O) by 4,989.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,090 shares of the real estate investment trust’s stock after buying an additional 24,597 shares during the quarter. Realty Income accounts for about 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 29th biggest holding. Altshuler Shaham Ltd’s holdings in Realty Income were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Realty Income by 3.9% during 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 buying an additional 4,172,231 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Realty Income by 69.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock valued at $95,995,000 after acquiring an additional 785,476 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Realty Income by 10,591.3% during the 4th quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after purchasing an additional 616,837 shares during the period. UBS Group AG grew its position in Realty Income by 56.1% during the third quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock valued at $70,707,000 after buying an additional 508,933 shares during the period. Finally, Northern Trust Corp raised its position in shares of Realty Income by 5.2% in the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock worth $457,633,000 after acquiring an additional 452,046 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on O. Stifel Nicolaus dropped their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Mizuho lowered 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 report on Thursday, March 7th. Finally, Royal Bank of Canada raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Performance

NYSE:O traded down $0.16 during mid-day trading on Thursday, reaching $54.63. 6,111,951 shares of the stock were exchanged, compared to its average volume of 6,829,651. 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 1 year low of $45.03 and a 1 year high of $64.18. The company has a 50 day simple moving average of $52.99 and a 200-day simple moving average of $53.74. The stock has a market capitalization of $47.04 billion, a P/E ratio of 50.58, a P/E/G ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 33.5% compared to the same quarter last year. Analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced 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 of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is currently 285.19%.

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.