Ethic Inc. Has $5.01 Million Stock Position in Realty Income Co. (NYSE:O)

Ethic Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,756 shares of the real estate investment trust’s stock after purchasing an additional 15,371 shares during the quarter. Ethic Inc.’s holdings in Realty Income were worth $5,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of O. Tcfg Wealth Management LLC raised its holdings in shares of Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares in the last quarter. Romano Brothers AND Company raised its stake in Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 200 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 200 shares during the period. Smith Moore & CO. lifted its holdings in shares of Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 201 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Scotiabank decreased their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus boosted their price objective on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.77.

Realty Income Price Performance

Shares of O stock opened at $56.75 on Friday. 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 Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market cap of $50.61 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78. The stock has a 50-day moving average price of $56.55 and a 200 day moving average price of $55.93.

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

Realty Income Announces Dividend

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

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.