Red Cedar Investment Management LLC Takes $266,000 Position in Realty Income Co. (NYSE:O)

Red Cedar Investment Management LLC purchased a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,640 shares of the real estate investment trust’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the period. FinTrust Capital Advisors LLC boosted its stake 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 valued at $29,000 after purchasing an additional 429 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $29,000. Finally, Operose Advisors LLC acquired a new stake in shares of Realty Income during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent research reports. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Stifel Nicolaus reduced their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Finally, BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Up 0.6 %

O traded up $0.35 during trading on Friday, reaching $55.26. The company had a trading volume of 9,076,566 shares, compared to its average volume of 5,836,093. The business’s fifty day moving average price is $52.83 and its 200 day moving average price is $53.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company has a market cap of $47.59 billion, a P/E ratio of 43.86, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

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

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.