Transce3nd LLC Invests $124,000 in Realty Income Co. (NYSE:O)

Transce3nd LLC bought a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,315 shares of the real estate investment trust’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Raymond James Financial Inc. purchased a new stake in Realty Income during the 4th quarter worth $553,572,000. Trust Co. of Vermont lifted its stake in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after buying an additional 166,178 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after buying an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after buying an additional 74,185 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on O. Barclays increased 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 report on Tuesday, March 4th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Scotiabank lowered their target price on 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. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.42.

Realty Income Price Performance

Shares of NYSE:O opened at $58.27 on Monday. The company has a market cap of $51.96 billion, a PE ratio of 55.49, a P/E/G ratio of 2.10 and a beta of 0.79. 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 50-day simple moving average of $56.19 and a 200 day simple moving average of $56.48. 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 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). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is presently 328.57%.

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.