Virtu Financial LLC Makes New $945,000 Investment in Realty Income Co. (NYSE:O)

Virtu Financial LLC purchased a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 17,694 shares of the real estate investment trust’s stock, valued at approximately $945,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $553,572,000. Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after purchasing an additional 260,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Realty Income by 765.1% during the third 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Realty Income by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock valued at $312,314,000 after purchasing an additional 50,670 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 1.2 %

Shares of NYSE O opened at $55.79 on Monday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market cap of $49.73 billion, a PE ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $55.52 and a two-hundred day moving average of $57.47.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is 328.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on O shares. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Barclays boosted their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.04.

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.