Perkins Coie Trust Co Grows Holdings in Realty Income Co. (NYSE:O)

Perkins Coie Trust Co boosted its stake in Realty Income Co. (NYSE:O) by 11.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,806 shares of the real estate investment trust’s stock after acquiring an additional 4,043 shares during the period. Perkins Coie Trust Co’s holdings in Realty Income were worth $2,367,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Finally, UBS Group cut their price target on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $61.15.

Realty Income Price Performance

O stock opened at $56.04 on Friday. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The stock has a market cap of $50.61 billion, a PE ratio of 53.37, a P/E/G ratio of 2.10 and a beta of 0.76. The firm has a 50 day simple moving average of $56.13 and a two-hundred day simple moving average of $55.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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