Altshuler Shaham Ltd Raises Position in Realty Income Co. (NYSE:O)

Altshuler Shaham Ltd lifted its position in shares of Realty Income Co. (NYSE:O) by 4,989.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,090 shares of the real estate investment trust’s stock after acquiring an additional 24,597 shares during the period. Realty Income accounts for 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 29th biggest holding. Altshuler Shaham Ltd’s holdings in Realty Income were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in O. Vanguard Group Inc. increased its stake in shares of Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after acquiring an additional 4,172,231 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Realty Income by 69.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock valued at $95,995,000 after acquiring an additional 785,476 shares in the last quarter. International Assets Investment Management LLC boosted its position in Realty Income by 10,591.3% during the 4th quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after acquiring an additional 616,837 shares during the period. UBS Group AG boosted its holdings in shares of Realty Income by 56.1% during the third quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock worth $70,707,000 after purchasing an additional 508,933 shares during the period. Finally, Northern Trust Corp increased its stake in Realty Income by 5.2% in the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after buying an additional 452,046 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus decreased their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Mizuho reduced their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $60.96.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O traded down $0.16 during midday trading on Thursday, reaching $54.63. The stock had a trading volume of 6,111,951 shares, compared to its average volume of 6,829,651. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $52.99 and a 200-day simple moving average of $53.74. The firm has a market cap of $47.04 billion, a PE ratio of 50.58, a P/E/G ratio of 5.73 and a beta of 0.92. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 33.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 285.19%.

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.