Van ECK Associates Corp Purchases 47,252 Shares of Realty Income Co. (NYSE:O)

Van ECK Associates Corp lifted its position in Realty Income Co. (NYSE:O) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 282,877 shares of the real estate investment trust’s stock after acquiring an additional 47,252 shares during the quarter. Van ECK Associates Corp’s holdings in Realty Income were worth $16,243,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in O. SVB Wealth LLC boosted its holdings in Realty Income by 53.8% during the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 2,677 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Realty Income by 82.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares during the last quarter. LexAurum Advisors LLC bought a new stake in shares of Realty Income during the fourth quarter worth $203,000. Vest Financial LLC boosted its stake in shares of Realty Income by 50.3% during the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after purchasing an additional 180,974 shares during the period. Finally, Sowell Financial Services LLC grew its holdings in shares of Realty Income by 21.0% in the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 3,681 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. BMO Capital Markets initiated 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 target for the company. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Trading Up 0.7 %

Shares of NYSE O opened at $53.91 on Thursday. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The business has a fifty day moving average price of $52.74 and a 200 day moving average price of $53.57. The stock has a market capitalization of $46.42 billion, a P/E ratio of 42.79, a price-to-earnings-growth ratio of 5.56 and a beta of 0.92. 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 (NYSE:O) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Equities research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a 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 firm’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 sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

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.