LPF Advisors LLC Buys New Holdings in Realty Income Co. (NYSE:O)

LPF Advisors LLC purchased a new position in shares of Realty Income Co. (NYSE:O) during the first quarter, HoldingsChannel reports. The firm purchased 3,650 shares of the real estate investment trust’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Realty Income in the fourth quarter valued at about $553,572,000. Asset Management One Co. Ltd. grew its stake in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after buying an additional 101,184 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Realty Income by 27.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after acquiring an additional 166,178 shares during the period. Employees Retirement System of Texas lifted its position in Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust’s stock worth $26,074,000 after acquiring an additional 78,000 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust’s stock worth $5,958,000 after acquiring an additional 19,527 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.4%

Shares of O opened at $56.04 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $50.61 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 2.10 and a beta of 0.76. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The business’s fifty day moving average is $56.13 and its 200-day moving average is $55.58.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is 292.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on O shares. UBS Group decreased their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, Wedbush reaffirmed a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.15.

About Realty Income

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.