Realty Income Co. (NYSE:O) Shares Bought by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 23.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,013 shares of the real estate investment trust’s stock after purchasing an additional 2,850 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Realty Income were worth $802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after purchasing an additional 555,908 shares during the period. Geode Capital Management LLC grew its position in shares of Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the period. Northern Trust Corp grew its position in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. Norges Bank acquired a new stake in shares of Realty Income during the 4th quarter valued at about $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the 4th quarter valued at about $553,572,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the topic of a number of analyst reports. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Barclays restated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus raised their price target on shares of Realty Income from $65.50 to $68.00 and gave the company 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Trading Down 0.8%

O opened at $54.60 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50 day simple moving average is $56.38 and its two-hundred day simple moving average is $55.83. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The firm has a market capitalization of $49.31 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last released its 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 for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $1.03 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is 292.73%.

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.