AlphaQuest LLC Acquires 46,662 Shares of Realty Income Corporation $O

AlphaQuest LLC raised its holdings in Realty Income Corporation (NYSE:O) by 1,002.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,319 shares of the real estate investment trust’s stock after purchasing an additional 46,662 shares during the quarter. AlphaQuest LLC’s holdings in Realty Income were worth $3,120,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of O. Norges Bank acquired a new stake in Realty Income in the second quarter valued at about $676,500,000. Vanguard Group Inc. raised its stake in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after acquiring an additional 3,624,852 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Realty Income by 8.3% in the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after acquiring an additional 2,058,031 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after purchasing an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions bought a new stake in shares of Realty Income during the 2nd quarter valued at approximately $70,939,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on O shares. Cantor Fitzgerald lowered their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Morgan Stanley upped their price target on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Finally, Mizuho reduced their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.71.

Realty Income Stock Up 1.1%

Shares of O opened at $60.72 on Friday. The stock’s 50-day moving average price is $58.18 and its two-hundred day moving average price is $58.33. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.95. The company has a market capitalization of $55.85 billion, a PE ratio of 56.22, a PEG ratio of 3.86 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be paid a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s dividend payout ratio is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.