Bowman & Co S.C. Purchases Shares of 22,095 Realty Income Co. (NYSE:O)

Bowman & Co S.C. bought a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,095 shares of the real estate investment trust’s stock, valued at approximately $1,180,000.

Other hedge funds also recently bought and sold shares of the company. Parnassus Investments LLC lifted its stake in Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC raised its stake in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after buying an additional 531,008 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after buying an additional 463,286 shares in the last quarter. Finally, APG Asset Management US Inc. increased its stake in Realty Income by 3.1% in the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock valued at $454,502,000 after acquiring an additional 265,000 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on O. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Stifel Nicolaus lowered 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. Barclays initiated coverage on Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Finally, Mizuho lowered their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.12.

Realty Income Trading Up 0.1 %

NYSE:O opened at $54.62 on Friday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company’s 50 day moving average price is $54.92 and its 200-day moving average price is $58.32. The stock has a market cap of $47.80 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. On average, equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

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.