Los Angeles Capital Management LLC Makes New $210,000 Investment in Realty Income Co. (NYSE:O)

Los Angeles Capital Management LLC acquired a new stake in Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,661 shares of the real estate investment trust’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Manchester Capital Management LLC boosted its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the period. Baystate Wealth Management LLC lifted its stake in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. CVA Family Office LLC purchased a new position in Realty Income during the 4th quarter valued at $29,000. Operose Advisors LLC bought a new position in Realty Income in the 3rd quarter valued at $30,000. Finally, Orion Capital Management LLC purchased a new stake in Realty Income in the third quarter worth $35,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.1 %

Realty Income stock opened at $54.96 on Tuesday. The business has a fifty day moving average price of $53.10 and a 200-day moving average price of $53.85. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 50.89, a PEG ratio of 5.68 and a beta of 0.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last issued its quarterly earnings results 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). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.257 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is 285.19%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Mizuho raised their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus lowered their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $61.21.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

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.