Realty Income Co. (NYSE:O) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in Realty Income Co. (NYSE:O) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,671 shares of the real estate investment trust’s stock after acquiring an additional 702 shares during the period. Bessemer Group Inc.’s holdings in Realty Income were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. DRW Securities LLC acquired a new position in shares of Realty Income during the 4th quarter valued at $311,000. Azimuth Capital Investment Management LLC grew its holdings in Realty Income by 5.0% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 52,310 shares of the real estate investment trust’s stock worth $2,794,000 after acquiring an additional 2,505 shares during the period. Advisory Services Network LLC raised its position in Realty Income by 10.4% in the fourth quarter. Advisory Services Network LLC now owns 30,917 shares of the real estate investment trust’s stock worth $1,651,000 after acquiring an additional 2,921 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Realty Income by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust’s stock valued at $38,207,000 after acquiring an additional 127,300 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Realty Income by 6.5% in the 4th quarter. Bank of Nova Scotia now owns 125,245 shares of the real estate investment trust’s stock worth $6,689,000 after purchasing an additional 7,655 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Barclays upped their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Up 1.3 %

O stock opened at $57.02 on Wednesday. The company has a 50 day moving average of $55.96 and a two-hundred day moving average of $56.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a market cap of $50.85 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last announced 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 firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s payout ratio is 328.57%.

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.