Easterly Investment Partners LLC Purchases Shares of 141,239 Realty Income Co. (NYSE:O)

Easterly Investment Partners LLC purchased a new position in Realty Income Co. (NYSE:O) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 141,239 shares of the real estate investment trust’s stock, valued at approximately $7,544,000.

A number of other institutional investors have also bought and sold shares of O. Norges Bank acquired a new position in shares of Realty Income in the 4th quarter valued at about $624,666,000. Blair William & Co. IL increased its stake in shares of Realty Income by 8.8% in the 4th quarter. Blair William & Co. IL now owns 20,268 shares of the real estate investment trust’s stock valued at $1,083,000 after acquiring an additional 1,636 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Realty Income during the 4th quarter valued at $73,000. AssuredPartners Investment Advisors LLC acquired a new stake in Realty Income in the fourth quarter worth $393,000. Finally, NEOS Investment Management LLC raised its holdings in shares of Realty Income by 31.1% during the fourth quarter. NEOS Investment Management LLC now owns 36,726 shares of the real estate investment trust’s stock valued at $1,952,000 after purchasing an additional 8,708 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O opened at $56.57 on Thursday. The company has a market capitalization of $50.43 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $55.72 and a 200-day moving average price of $57.37. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last announced 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed 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 is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

Analyst Ratings Changes

O has been the topic of several recent research reports. 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 report on Tuesday, February 25th. Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.04.

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.