Realty Income Co. (NYSE:O) Shares Bought by Foundations Investment Advisors LLC

Posted by Defense World Staff on Jul 12th, 2023

Foundations Investment Advisors LLC grew its position in Realty Income Co. (NYSE:O – Free Report) by 40.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,315 shares of the real estate investment trust’s stock after acquiring an additional 1,826 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Realty Income were worth $400,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Morgan Stanley raised its stake in Realty Income by 13.6% during the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock valued at $1,202,097,000 after acquiring an additional 2,273,591 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Realty Income by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,354,940 shares of the real estate investment trust’s stock worth $911,059,000 after purchasing an additional 465,470 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Realty Income by 18.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,954,741 shares of the real estate investment trust’s stock worth $567,999,000 after purchasing an additional 1,419,353 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Realty Income by 100,285.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after buying an additional 8,615,530 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Realty Income by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,246,941 shares of the real estate investment trust’s stock worth $523,110,000 after acquiring an additional 26,175 shares during the period. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O opened at $60.50 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.64. The stock has a market cap of $40.73 billion, a P/E ratio of 42.61, a PEG ratio of 2.96 and a beta of 0.78. The company has a 50-day moving average of $60.43 and a two-hundred day moving average of $62.81. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.11.

Realty Income Dividend Announcement

The firm also recently announced a jul 23 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.2555 per share. The ex-dividend date is Monday, July 31st. Realty Income’s payout ratio is currently 216.20%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on O. Stifel Nicolaus lifted their target price on shares of Realty Income from $71.00 to $71.25 in a report on Thursday, May 4th. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 target price on the stock in a report on Wednesday, April 12th. Finally, StockNews.com began coverage on shares of Realty Income in a report on Thursday, May 18th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.04.

Realty Income Profile

(Free Report)

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 12,200 real estate properties primarily owned under long-term net lease agreements with commercial clients.