Summit Trail Advisors LLC Purchases Shares of 4,578 Realty Income Co. (NYSE:O)

Summit Trail Advisors LLC acquired a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,578 shares of the real estate investment trust’s stock, valued at approximately $264,000.

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

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were 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 owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O opened at $54.78 on Thursday. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 5.73 and a beta of 0.92. The company’s fifty day moving average price is $52.94 and its two-hundred day moving average price is $53.74. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. On average, analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is currently 285.19%.

Wall Street Analyst Weigh In

Several research firms have weighed in on O. Royal Bank of Canada upped 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. BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their target price on 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, Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $60.96.

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.