Mesirow Financial Investment Management Inc. Takes Position in Realty Income Co. (NYSE:O)

Mesirow Financial Investment Management Inc. acquired a new stake in shares of Realty Income Co. (NYSE:O) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,362 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the 4th quarter valued at approximately $37,000. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $40,000. ST Germain D J Co. Inc. grew its stake in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares during the period. Finally, Independence Bank of Kentucky boosted its stake in Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 300 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on O shares. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. UBS Group dropped their price target on 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 dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

NYSE:O opened at $58.48 on Monday. The stock’s fifty day moving average is $54.73 and its 200 day moving average is $57.83. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a market capitalization of $52.14 billion, a PE ratio of 55.70, a PEG ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is presently 327.55%.

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.