Nemes Rush Group LLC Has $47,000 Holdings in Realty Income Co. (NYSE:O)

Nemes Rush Group LLC increased its position in Realty Income Co. (NYSE:O) by 683.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 877 shares of the real estate investment trust’s stock after purchasing an additional 765 shares during the period. Nemes Rush Group LLC’s holdings in Realty Income were worth $47,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income in the 4th quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at $34,000. Finally, BankPlus Trust Department purchased a new position in shares of Realty Income during the 4th quarter valued at $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.0 %

Shares of O stock opened at $57.13 on Thursday. The firm has a market capitalization of $50.95 billion, a P/E ratio of 54.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm’s fifty day simple moving average is $55.96 and its 200 day simple moving average is $57.17. 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 (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.28 billion. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is presently 328.57%.

Analysts Set New Price Targets

O has been the subject of a number of research reports. Barclays lifted their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed 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. 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. Finally, Mizuho cut their price objective 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.