241,930 Shares in Realty Income Co. (NYSE:O) Bought by Natixis

Natixis bought a new position in shares of Realty Income Co. (NYSE:O) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 241,930 shares of the real estate investment trust’s stock, valued at approximately $13,088,000.

Several other large investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in Realty Income by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 133,551 shares of the real estate investment trust’s stock worth $6,670,000 after acquiring an additional 19,969 shares during the period. Whittier Trust Co. grew its stake in shares of Realty Income by 226.2% in the 4th quarter. Whittier Trust Co. now owns 4,107 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 2,848 shares during the period. Advisor Resource Council acquired a new position in Realty Income during the 4th quarter valued at about $270,000. Premier Path Wealth Partners LLC acquired a new position in Realty Income during the 4th quarter valued at about $243,000. Finally, Salem Investment Counselors Inc. boosted its stake in Realty Income by 48.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,393 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 1,102 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on O. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group lifted their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.88.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.11 during mid-day trading on Thursday, reaching $57.37. The company had a trading volume of 4,753,520 shares, compared to its average volume of 6,143,236. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market cap of $49.95 billion, a price-to-earnings ratio of 53.48, a PEG ratio of 5.00 and a beta of 0.96. The company’s 50-day moving average price is $53.85 and its 200-day moving average price is $53.82. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. As a group, equities research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.263 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is 292.59%.

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.