Balyasny Asset Management L.P. Buys 145,393 Shares of Realty Income Co. (NYSE:O)

Balyasny Asset Management L.P. raised its stake in shares of Realty Income Co. (NYSE:O) by 4,438.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 148,669 shares of the real estate investment trust’s stock after purchasing an additional 145,393 shares during the period. Balyasny Asset Management L.P.’s holdings in Realty Income were worth $7,940,000 as of its most recent SEC filing.

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

Realty Income Stock Performance

NYSE:O opened at $56.75 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s fifty day moving average is $56.55 and its 200 day moving average is $55.99. The firm has a market capitalization of $50.61 billion, a PE ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio is 292.73%.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Barclays reiterated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Stifel Nicolaus increased their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Wedbush reissued a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.77.

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.