Pitcairn Co. Purchases Shares of 5,251 Realty Income Co. (NYSE:O)

Pitcairn Co. purchased a new stake in Realty Income Co. (NYSE:O) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,251 shares of the real estate investment trust’s stock, valued at approximately $284,000.

A number of other institutional investors have also recently made changes to their positions in the stock. American National Bank acquired a new position in shares of Realty Income in the 4th quarter valued at about $25,000. Vima LLC acquired a new position in shares of Realty Income in the 4th quarter valued at about $25,000. WASHINGTON TRUST Co lifted its stake in shares of Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income in the 1st quarter valued at about $27,000. Finally, Baystate Wealth Management LLC lifted its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.2 %

Shares of O stock traded up $0.11 during trading hours on Thursday, hitting $57.37. 4,753,520 shares of the company’s stock traded hands, compared to its average volume of 6,143,236. The stock’s fifty day simple moving average is $53.85 and its two-hundred day simple moving average is $53.82. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The stock has a market cap of $49.95 billion, a price-to-earnings ratio of 53.48, a PEG ratio of 5.00 and a beta of 0.96. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Realty Income’s revenue was up 33.5% on a year-over-year basis. On average, analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent analyst reports. Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank upped their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. KeyCorp initiated coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.88.

About Realty Income

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.