Cibc World Markets Corp Has $20.97 Million Stock Holdings in Realty Income Co. (NYSE:O)

Cibc World Markets Corp boosted its stake in Realty Income Co. (NYSE:O) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 392,563 shares of the real estate investment trust’s stock after buying an additional 44,240 shares during the period. Cibc World Markets Corp’s holdings in Realty Income were worth $20,967,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in Realty Income during the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $32,000. BankPlus Trust Department acquired a new stake in Realty Income during the fourth quarter worth approximately $37,000. ST Germain D J Co. Inc. increased its stake in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the period. Finally, Luken Investment Analytics LLC acquired a new position in Realty Income in the 4th quarter valued at $40,000. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Realty Income stock opened at $57.03 on Tuesday. The company has a market capitalization of $50.84 billion, a PE ratio of 54.31, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $55.20 and a two-hundred day moving average price of $57.63. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 328.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on O shares. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Scotiabank decreased their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Barclays lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.04.

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.