Marco Investment Management LLC Purchases 919 Shares of Realty Income Co. (NYSE:O)

Marco Investment Management LLC lifted its position in Realty Income Co. (NYSE:O) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,138 shares of the real estate investment trust’s stock after acquiring an additional 919 shares during the quarter. Marco Investment Management LLC’s holdings in Realty Income were worth $3,568,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its holdings in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Realty Income in the 4th quarter worth about $29,000. Manchester Capital Management LLC boosted its holdings in shares of Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 423 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 429 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in shares of Realty Income in the 3rd quarter worth about $30,000. 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 business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Realty Income Trading Down 0.2 %

Shares of NYSE:O traded down $0.09 during trading on Friday, reaching $53.71. 6,861,575 shares of the company traded hands, compared to its average volume of 5,076,704. The firm has a market capitalization of $46.25 billion, a price-to-earnings ratio of 42.63, a P/E/G ratio of 5.57 and a beta of 0.92. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. 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 business’s fifty day moving average is $52.65 and its 200-day moving average is $53.52.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on O. Stifel Nicolaus cut their price target on shares of 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 raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.