Duff & Phelps Investment Management Co. Buys 305,600 Shares of Realty Income Co. (NYSE:O)

Duff & Phelps Investment Management Co. lifted its holdings in Realty Income Co. (NYSE:O) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,717,808 shares of the real estate investment trust’s stock after buying an additional 305,600 shares during the period. Realty Income comprises approximately 1.9% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 10th biggest position. Duff & Phelps Investment Management Co.’s holdings in Realty Income were worth $156,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 208 shares during the last quarter. Bank of New Hampshire boosted its position in Realty Income by 23.3% during the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 208 shares during the last quarter. Caprock Group LLC boosted its position in Realty Income by 3.4% during the fourth quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 231 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its position in shares of Realty Income by 0.8% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 29,877 shares of the real estate investment trust’s stock worth $1,716,000 after buying an additional 236 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Down 0.1 %

Shares of Realty Income stock traded down $0.04 during trading hours on Tuesday, reaching $54.01. 1,895,402 shares of the company’s stock were exchanged, compared to its average volume of 6,760,490. The company has a 50 day moving average of $52.69 and a two-hundred day moving average of $53.55. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market cap of $46.51 billion, a P/E ratio of 42.84, a P/E/G ratio of 5.57 and a beta of 0.92.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. On average, sell-side analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Analysts Set New Price Targets

A number of analysts have weighed in on O shares. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets began coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Stifel Nicolaus dropped their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average target price of $60.96.

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.