Realty Income Co. (NYSE:O) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its stake in Realty Income Co. (NYSE:O) by 393.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,403 shares of the real estate investment trust’s stock after purchasing an additional 21,051 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Realty Income were worth $1,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the 4th quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new stake in Realty Income in the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income in the 4th quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income during the 4th quarter valued at about $37,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Scotiabank cut their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Royal Bank of Canada reduced their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Performance

Shares of NYSE O opened at $55.11 on Friday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The business’s 50-day moving average price is $56.03 and its two-hundred day moving average price is $57.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $49.15 billion, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Realty Income Profile

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.