10,364,581 Shares in Realty Income Co. (NYSE:O) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,364,581 shares of the real estate investment trust’s stock, valued at approximately $553,572,000. Raymond James Financial Inc. owned 1.18% of Realty Income at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Realty Income during the 4th quarter valued at $32,000. BankPlus Trust Department bought a new position in shares of Realty Income in the fourth quarter worth $37,000. ST Germain D J Co. Inc. increased its holdings in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the period. Luken Investment Analytics LLC bought a new position in shares of Realty Income in the fourth quarter worth $40,000. Finally, Independence Bank of Kentucky increased its holdings in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 300 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on O shares. Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Performance

NYSE O opened at $58.16 on Thursday. The company has a 50-day simple moving average of $54.53 and a two-hundred day simple moving average of $57.89. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a market cap of $51.85 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio is 327.55%.

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.