Vivaldi Capital Management LP Buys New Stake in Realty Income Co. (NYSE:O)

Vivaldi Capital Management LP purchased a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,679 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Norges Bank acquired a new position in shares of Realty Income in the fourth quarter worth about $624,666,000. Raymond James Financial Inc. acquired a new position in shares of Realty Income in the fourth quarter worth about $553,572,000. Northern Trust Corp raised its position in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the period. California Public Employees Retirement System raised its position in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after acquiring an additional 811,037 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock opened at $56.24 on Tuesday. The firm has a 50 day simple moving average of $56.30 and a 200-day simple moving average of $55.68. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. 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 stock has a market cap of $50.79 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

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, meeting the consensus estimate 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 analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on O. Barclays reissued an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. 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 boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Mizuho boosted their target price 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. Finally, BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.15.

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.