Tectonic Advisors LLC Buys 20,249 Shares of Realty Income Corporation $O

Tectonic Advisors LLC lifted its stake in shares of Realty Income Corporation (NYSE:O) by 12.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,194 shares of the real estate investment trust’s stock after acquiring an additional 20,249 shares during the quarter. Tectonic Advisors LLC’s holdings in Realty Income were worth $11,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Realty Income during the 2nd quarter valued at approximately $676,500,000. Vanguard Group Inc. boosted its stake in shares of Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after buying an additional 2,058,031 shares during the period. Schroder Investment Management Group raised its stake in Realty Income by 420.0% during the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new position in Realty Income during the second quarter worth $70,939,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on O. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Mizuho cut their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Evercore ISI began coverage on Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.23.

Realty Income Stock Performance

Shares of Realty Income stock opened at $56.46 on Friday. The business has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $58.02. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $51.94 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 3.53 and a beta of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.27 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.