Stevens Capital Management LP Takes $1.03 Million Position in Realty Income Co. (NYSE:O)

Stevens Capital Management LP purchased a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 17,893 shares of the real estate investment trust’s stock, valued at approximately $1,027,000.

Several other large investors also recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in Realty Income by 19.5% in the third quarter. International Assets Investment Management LLC now owns 5,824 shares of the real estate investment trust’s stock worth $289,000 after buying an additional 951 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Realty Income by 49.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,972 shares of the real estate investment trust’s stock worth $298,000 after acquiring an additional 1,965 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Realty Income by 43.4% in the 3rd quarter. HB Wealth Management LLC now owns 7,712 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 2,334 shares during the period. Impact Partnership Wealth LLC boosted its position in shares of Realty Income by 1,034.6% during the third quarter. Impact Partnership Wealth LLC now owns 2,587 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,359 shares in the last quarter. Finally, Founders Financial Securities LLC grew its stake in Realty Income by 19.1% in the third quarter. Founders Financial Securities LLC now owns 20,276 shares of the real estate investment trust’s stock worth $1,013,000 after purchasing an additional 3,254 shares during the period. 70.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

NYSE:O traded down $0.09 on Friday, reaching $53.71. 6,856,906 shares of the company’s stock traded hands, compared to its average volume of 6,824,336. The stock has a 50-day simple moving average of $52.62 and a 200-day simple moving average of $53.45. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The firm has a market cap of $46.25 billion, a PE ratio of 42.66, a P/E/G ratio of 5.57 and a beta of 0.92. 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 (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.