CAP Partners LLC Has $395,000 Position in Realty Income Co. (NYSE:O)

CAP Partners LLC lifted its stake in Realty Income Co. (NYSE:O) by 13.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,309 shares of the real estate investment trust’s stock after purchasing an additional 851 shares during the period. CAP Partners LLC’s holdings in Realty Income were worth $395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Realty Income during the 4th quarter worth $506,526,000. Vanguard Group Inc. grew its holdings in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after acquiring an additional 4,172,231 shares during the period. Principal Financial Group Inc. grew its holdings in Realty Income by 107.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after acquiring an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after acquiring an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC acquired a new stake in Realty Income during the 4th quarter worth $58,843,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Scotiabank boosted their price objective on shares of 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, UBS Group cut their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Performance

Shares of O traded up $0.06 during mid-day trading on Tuesday, hitting $52.42. 4,589,121 shares of the company’s stock were exchanged, compared to its average volume of 6,375,106. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The stock’s 50-day simple moving average is $53.61 and its 200-day simple moving average is $54.07. The firm has a market cap of $45.65 billion, a price-to-earnings ratio of 48.52, a price-to-earnings-growth ratio of 4.60 and a beta of 0.97. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue was up 33.5% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. On average, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.263 dividend. The ex-dividend date is Monday, July 1st. This represents a yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction 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 owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

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.