Redwood Investment Management LLC Boosts Stake in Realty Income Co. (NYSE:O)

Redwood Investment Management LLC grew its position in shares of Realty Income Co. (NYSE:O) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,880 shares of the real estate investment trust’s stock after acquiring an additional 4,123 shares during the period. Redwood Investment Management LLC’s holdings in Realty Income were worth $1,916,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in shares of Realty Income in the fourth quarter worth about $20,535,000. Quantinno Capital Management LP lifted its position in Realty Income by 26.4% during the 4th quarter. Quantinno Capital Management LP now owns 78,699 shares of the real estate investment trust’s stock worth $4,203,000 after acquiring an additional 16,413 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $690,000. Nissay Asset Management Corp Japan ADV boosted its holdings in Realty Income by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 231,192 shares of the real estate investment trust’s stock worth $12,175,000 after acquiring an additional 4,153 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Realty Income in the fourth quarter valued at approximately $6,967,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

O opened at $54.60 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $56.38 and its 200 day moving average price is $55.83. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The firm has a market cap of $49.31 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 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%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income’s dividend payout ratio is presently 292.73%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Wedbush reissued a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, UBS Group cut their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.15.

Realty Income Company 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.