Oak Thistle LLC Takes Position in Realty Income Co. (NYSE:O)

Oak Thistle LLC bought a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, HoldingsChannel reports. The firm bought 20,730 shares of the real estate investment trust’s stock, valued at approximately $1,107,000.

Several other institutional investors also recently bought and sold shares of O. Headlands Technologies LLC bought a new stake in Realty Income in the 2nd quarter worth approximately $42,000. Edgestream Partners L.P. purchased a new position in shares of Realty Income in the second quarter valued at $3,801,000. Mutual of America Capital Management LLC increased its position in Realty Income by 0.7% in the second quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust’s stock worth $6,094,000 after purchasing an additional 778 shares during the last quarter. Wealth Alliance raised its stake in Realty Income by 33.8% during the second quarter. Wealth Alliance now owns 28,124 shares of the real estate investment trust’s stock valued at $1,486,000 after purchasing an additional 7,103 shares in the last quarter. Finally, Argent Trust Co lifted its position in Realty Income by 36.5% during the second quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 1,580 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, UBS Group cut their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target of $62.50.

Realty Income Price Performance

Shares of O stock opened at $53.07 on Thursday. The stock has a 50 day moving average price of $55.09 and a 200 day moving average price of $58.37. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $46.45 billion, a P/E ratio of 50.54, a P/E/G ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. As a group, sell-side analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is currently 300.95%.

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.