Beech Hill Advisors Inc. Takes Position in Realty Income Co. (NYSE:O)

Beech Hill Advisors Inc. bought a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,500 shares of the real estate investment trust’s stock, valued at approximately $1,469,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Realty Income by 765.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after acquiring an additional 6,673,617 shares in the last quarter. Raymond James & Associates boosted its position in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after purchasing an additional 3,112,560 shares during the period. Janus Henderson Group PLC increased its stake in Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC raised its holdings in Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after buying an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can lifted its stake in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after buying an additional 1,107,493 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.2 %

NYSE:O traded up $0.13 during mid-day trading on Thursday, reaching $53.30. The stock had a trading volume of 268,976 shares, compared to its average volume of 4,608,635. The stock has a market cap of $46.65 billion, a P/E ratio of 50.76, a PEG ratio of 1.85 and a beta of 1.00. The business’s 50 day moving average is $55.09 and its 200 day moving average is $58.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $1.02 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 300.95%.

Analysts Set New Price Targets

O has been the topic of several analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.50.

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.