Realty Income Corporation $O Shares Acquired by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its position in shares of Realty Income Corporation (NYSE:O) by 29.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 115,865 shares of the real estate investment trust’s stock after purchasing an additional 26,441 shares during the period. Liberty One Investment Management LLC’s holdings in Realty Income were worth $7,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in Realty Income during the third quarter worth approximately $124,000. Nordea Investment Management AB increased its position in shares of Realty Income by 10.9% in the third quarter. Nordea Investment Management AB now owns 88,699 shares of the real estate investment trust’s stock valued at $5,379,000 after buying an additional 8,710 shares in the last quarter. N.E.W. Advisory Services LLC lifted its position in shares of Realty Income by 9.8% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 19,224 shares of the real estate investment trust’s stock valued at $1,169,000 after buying an additional 1,720 shares in the last quarter. Prosperitas Financial LLC increased its holdings in Realty Income by 5.2% in the 3rd quarter. Prosperitas Financial LLC now owns 4,602 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 228 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Realty Income by 8.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,470 shares of the real estate investment trust’s stock valued at $1,791,000 after purchasing an additional 2,246 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on O shares. Mizuho reduced their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Cantor Fitzgerald cut their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Wells Fargo & Company lifted their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Morgan Stanley increased their price objective on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.23.

Realty Income Trading Up 1.2%

Shares of Realty Income stock opened at $58.88 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $57.11 and its 200-day simple moving average is $58.04. The stock has a market cap of $54.16 billion, a P/E ratio of 54.51, a P/E/G ratio of 3.74 and a beta of 0.80. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.27 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s payout ratio is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.