Realty Income Co. (NYSE:O) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lifted its stake in shares of Realty Income Co. (NYSE:O) by 204.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,338 shares of the real estate investment trust’s stock after purchasing an additional 7,609 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Realty Income were worth $606,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income during the 4th quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income during the fourth quarter worth $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income in the fourth quarter valued at $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

O stock opened at $56.75 on Friday. The stock has a 50-day moving average price of $56.55 and a two-hundred day moving average price of $55.99. The company has a market cap of $50.61 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s dividend payout ratio (DPR) is 292.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Wedbush reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday. Finally, Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target 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.