Point72 Asia Singapore Pte. Ltd. Takes $1.31 Million Position in Realty Income Co. (NYSE:O)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Realty Income Co. (NYSE:O) during the 4th quarter, Holdings Channel reports. The fund acquired 24,461 shares of the real estate investment trust’s stock, valued at approximately $1,306,000.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Scotiabank upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $61.15.

Realty Income Trading Down 0.8%

Shares of O opened at $54.60 on Thursday. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The firm has a market capitalization of $49.31 billion, a P/E ratio of 52.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $56.38 and its 200 day simple moving average is $55.83.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.03 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio is currently 292.73%.

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.