Greenleaf Trust Has $468,000 Stake in Realty Income Co. (NYSE:O)

Greenleaf Trust boosted its holdings in Realty Income Co. (NYSE:O) by 54.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,148 shares of the real estate investment trust’s stock after purchasing an additional 2,882 shares during the quarter. Greenleaf Trust’s holdings in Realty Income were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of O. Manchester Capital Management LLC raised 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 in the last quarter. Baystate Wealth Management LLC raised its position in shares of 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 valued at $28,000 after buying an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in shares of 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 valued at $29,000 after buying an additional 429 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Realty Income in the 4th quarter valued at approximately $29,000. Finally, Operose Advisors LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.2 %

O opened at $53.41 on Wednesday. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $45.99 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 5.53 and a beta of 0.92. The company’s 50 day moving average price is $52.54 and its two-hundred day moving average price is $53.45.

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 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The company’s revenue was up 21.1% compared to the same quarter last year. As a group, research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued 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%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly 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 is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

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