Y Intercept Hong Kong Ltd Makes New Investment in Realty Income Co. (NYSE:O)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Realty Income Co. (NYSE:O) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,670 shares of the real estate investment trust’s stock, valued at approximately $233,000.

A number of other large investors have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its position in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. boosted its stake in shares of Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 166 shares in the last quarter. Greenleaf Trust increased its holdings in Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares during the period. Grove Bank & Trust raised its stake in Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC lifted its holdings in Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 3.1 %

Shares of O stock opened at $52.81 on Thursday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a market capitalization of $46.22 billion, a PE ratio of 50.30, a P/E/G ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day simple moving average is $58.56 and its 200-day simple moving average is $58.39.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. Equities analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on O shares. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Barclays initiated coverage on shares of Realty Income in a report on Tuesday. They issued an “equal weight” rating and a $59.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Twelve equities 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.23.

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.