Tidemark LLC Acquires Shares of 1,932 Realty Income Co. (NYSE:O)

Tidemark LLC purchased a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,932 shares of the real estate investment trust’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC boosted its holdings in Realty Income by 4,294.8% in the third quarter. WealthPlan Investment Management LLC now owns 142,700 shares of the real estate investment trust’s stock worth $7,126,000 after purchasing an additional 139,453 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Realty Income by 472.4% in the third quarter. Larson Financial Group LLC now owns 2,364 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,951 shares during the period. Sentry Investment Management LLC purchased a new stake in Realty Income during the third quarter valued at $206,000. MGO One Seven LLC lifted its holdings in Realty Income by 431.8% in the third quarter. MGO One Seven LLC now owns 35,166 shares of the real estate investment trust’s stock valued at $1,756,000 after acquiring an additional 28,553 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Realty Income by 9.5% in the third quarter. Corient Private Wealth LLC now owns 186,611 shares of the real estate investment trust’s stock worth $9,328,000 after purchasing an additional 16,168 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O traded down $0.53 on Thursday, reaching $53.19. The company’s stock had a trading volume of 1,936,078 shares, compared to its average volume of 6,570,627. The company has a 50-day simple moving average of $53.47 and a 200 day simple moving average of $54.16. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $46.32 billion, a P/E ratio of 49.00, a PEG ratio of 4.81 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue was up 33.5% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a dividend of $0.2625 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s dividend payout ratio is presently 285.19%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on O shares. Stifel Nicolaus reduced their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Scotiabank lifted their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.38.

Realty Income Company 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.