Bayesian Capital Management LP Has $2.24 Million Stock Position in Realty Income Co. (NYSE:O)

Bayesian Capital Management LP lessened its holdings in Realty Income Co. (NYSE:O) by 54.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,444 shares of the real estate investment trust’s stock after selling 49,956 shares during the period. Bayesian Capital Management LP’s holdings in Realty Income were worth $2,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baystate Wealth Management LLC raised its holdings in shares of Realty Income by 62.7% in 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. WASHINGTON TRUST Co grew its position in Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares in the last quarter. Essex Financial Services Inc. grew its position in Realty Income by 1.5% in the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 199 shares in the last quarter. First Affirmative Financial Network grew its position in Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 201 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in Realty Income by 0.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on O. Scotiabank upped their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Mizuho increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group increased their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.88.

Realty Income Price Performance

Shares of Realty Income stock traded up $0.10 on Tuesday, hitting $58.31. 2,419,008 shares of the company traded hands, compared to its average volume of 6,073,413. The firm’s 50-day simple moving average is $54.01 and its 200 day simple moving average is $53.75. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market cap of $50.77 billion, a P/E ratio of 53.96, a P/E/G ratio of 5.05 and a beta of 0.97. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $61.53.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s payout ratio is presently 292.59%.

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.