LGT Group Foundation Increases Holdings in Realty Income Co. (NYSE:O)

LGT Group Foundation lifted its position in shares of Realty Income Co. (NYSE:O) by 52.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,947 shares of the real estate investment trust’s stock after buying an additional 76,478 shares during the period. LGT Group Foundation’s holdings in Realty Income were worth $13,060,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC increased its stake in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the period. Baystate Wealth Management LLC increased its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the period. FinTrust Capital Advisors LLC increased its stake in 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 worth $29,000 after purchasing an additional 429 shares during the period. CVA Family Office LLC purchased a new position in Realty Income in the 4th quarter worth approximately $29,000. Finally, Operose Advisors LLC purchased a new position in Realty Income in the 3rd quarter worth approximately $30,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.5 %

Shares of NYSE O traded up $0.26 during mid-day trading on Thursday, hitting $54.18. 1,206,012 shares of the stock traded hands, compared to its average volume of 6,761,829. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average price of $52.74 and a 200-day moving average price of $53.57. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 5.56 and a beta of 0.92.

Realty Income (NYSE:O) last released its earnings results 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). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.00 earnings per share. The company’s revenue was up 21.1% compared to the same quarter last year. Research analysts anticipate that Realty Income Co. will post 4.16 EPS 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. Stockholders of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio is currently 244.45%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of a number of analyst reports. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Mizuho reduced their target price 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. 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 research note on Wednesday, February 21st. Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.