Edgestream Partners L.P. Invests $593,000 in Realty Income Co. (NYSE:O)

Edgestream Partners L.P. purchased a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,106 shares of the real estate investment trust’s stock, valued at approximately $593,000.

A number of other hedge funds also recently modified their holdings of O. Sierra Ocean LLC bought a new position in shares of Realty Income during the fourth quarter worth about $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the fourth quarter worth about $37,000. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the fourth quarter worth about $40,000. ST Germain D J Co. Inc. grew its holdings in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares in the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on O. Barclays raised 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. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Finally, Mizuho reduced their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

NYSE:O opened at $56.39 on Thursday. The stock has a market cap of $50.27 billion, a P/E ratio of 53.70, a PEG ratio of 2.10 and a beta of 1.00. The stock has a 50 day simple moving average of $54.97 and a 200 day simple moving average of $57.77. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

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

Realty Income Announces Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. Realty Income’s dividend payout ratio is presently 327.55%.

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.