LDR Capital Management LLC Invests $818,000 in Realty Income Corporation $O

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

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings 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 valued at $326,000 after buying an additional 615 shares during the last quarter. Bison Wealth LLC acquired a new position in Realty Income in the 4th quarter valued at about $571,000. Empowered Funds LLC raised its stake in Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 1,330 shares during the last quarter. Woodline Partners LP raised 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 valued at $4,289,000 after acquiring an additional 21,603 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position 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 acquiring an additional 3,290 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $61.64 on Tuesday. The firm’s fifty day simple moving average is $57.53 and its 200-day simple moving average is $58.15. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a market cap of $56.70 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.54.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

O has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday. Cantor Fitzgerald reduced their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Mizuho dropped their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Sunday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $62.71.

Realty Income 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.