Machina Capital S.A.S. Purchases Shares of 9,245 Realty Income Co. (NYSE:O)

Machina Capital S.A.S. purchased a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, HoldingsChannel reports. The firm purchased 9,245 shares of the real estate investment trust’s stock, valued at approximately $531,000.

A number of other institutional investors have also recently modified their holdings of O. Robeco Institutional Asset Management B.V. grew its stake in shares of Realty Income by 8.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 115,957 shares of the real estate investment trust’s stock valued at $5,791,000 after buying an additional 9,207 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Realty Income by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 362,393 shares of the real estate investment trust’s stock valued at $18,098,000 after buying an additional 8,255 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Realty Income by 4.0% during the 3rd quarter. New York State Teachers Retirement System now owns 646,311 shares of the real estate investment trust’s stock valued at $32,277,000 after acquiring an additional 24,714 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Realty Income by 12.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,780 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 1,058 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Realty Income by 11.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 463,987 shares of the real estate investment trust’s stock worth $23,172,000 after acquiring an additional 48,962 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O stock traded up $0.17 on Monday, reaching $55.43. The stock had a trading volume of 6,842,039 shares, compared to its average volume of 6,845,817. The stock has a market cap of $47.73 billion, a P/E ratio of 43.99, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50 day simple moving average of $52.89 and a 200 day simple moving average of $53.70. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18.

Realty Income (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Equities research analysts expect that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’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 transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on O. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Mizuho lowered their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus cut their target price 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. Finally, BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.96.

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.