LDR Capital Management LLC Makes New Investment in Realty Income Corporation $O

LDR Capital Management LLC purchased a new position in shares of Realty Income Corporation (NYSE:O) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,460 shares of the real estate investment trust’s stock, valued at approximately $818,000. Realty Income makes up approximately 1.2% of LDR Capital Management LLC’s investment portfolio, making the stock its 24th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at $571,000. Empowered Funds LLC boosted its holdings in Realty Income by 8.0% in the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,330 shares during the period. Woodline Partners LP grew its stake in Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock worth $4,289,000 after purchasing an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Realty Income by 14.9% during the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after purchasing an additional 3,290 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

O has been the subject of several recent research reports. Barclays lifted their price objective on Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Mizuho decreased their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Evercore ISI assumed coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.71.

Realty Income Stock Up 1.5%

Shares of NYSE:O opened at $61.64 on Tuesday. The firm has a 50 day simple moving average of $57.53 and a 200-day simple moving average of $58.15. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.54. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $56.70 billion, a PE ratio of 57.08, a P/E/G ratio of 3.95 and a beta of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $1.05 EPS. Realty Income’s revenue for the quarter 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, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Realty Income Company 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.