Tidal Investments LLC increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 39.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,097 shares of the real estate investment trust's stock after purchasing an additional 9,891 shares during the period. Tidal Investments LLC's holdings in Realty Income were worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parnassus Investments LLC lifted its holdings in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock valued at $1,550,506,000 after buying an additional 1,676,293 shares during the period. Geode Capital Management LLC increased its position in Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock valued at $1,445,036,000 after acquiring an additional 242,786 shares during the last quarter. Legal & General Group Plc lifted its holdings in Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust's stock valued at $647,492,000 after acquiring an additional 531,008 shares during the period. Dimensional Fund Advisors LP boosted its position in Realty Income by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust's stock worth $617,043,000 after purchasing an additional 413,865 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. Institutional investors own 70.81% of the company's stock.
O stock opened at $54.60 on Tuesday. The company has a market capitalization of $47.78 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 2.05 and a beta of 0.98. 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 Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The business has a 50 day simple moving average of $58.89 and a two-hundred day simple moving average of $58.42.
Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business's revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 earnings per share. Research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.
The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.264 dividend. This is an increase from Realty Income's previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, January 2nd. Realty Income's payout ratio is currently 300.96%.
Several brokerages have recently weighed in on O. JPMorgan Chase & Co. increased their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Scotiabank upped their price objective on Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Wells Fargo & Company reiterated an "equal weight" rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Mizuho cut Realty Income from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $63.58.
Get Our Latest Research Report on 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.
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