Quadrant Capital Group LLC Buys 1,252 Shares of Realty Income Co. (NYSE:O)

Quadrant Capital Group LLC raised its position in shares of Realty Income Co. (NYSE:O) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,210 shares of the real estate investment trust’s stock after acquiring an additional 1,252 shares during the period. Quadrant Capital Group LLC’s holdings in Realty Income were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC grew its position in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC grew its holdings in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. CVA Family Office LLC purchased a new position in Realty Income in the 4th quarter worth about $29,000. Operose Advisors LLC bought a new stake in Realty Income during the 3rd quarter valued at about $30,000. Finally, Orion Capital Management LLC purchased a new stake in Realty Income in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Scotiabank raised their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.38.

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Down 0.1 %

Realty Income stock opened at $55.15 on Friday. The business has a fifty day moving average price of $53.36 and a 200-day moving average price of $54.01. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock has a market capitalization of $48.02 billion, a price-to-earnings ratio of 51.06, a PEG ratio of 5.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.2625 dividend. Realty Income’s dividend payout ratio is presently 285.19%.

Realty Income Company 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.