Recent Activity and Analysis on Realty Income Co. (NYSE:O)
Consolidated Portfolio Review Corp Makes Significant Investment in Realty Income Co.
Consolidated Portfolio Review Corp recently acquired a new position in shares of Realty Income Co. (NYSE:O) in the 1st quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,793 shares of the real estate investment trust’s stock, valued at approximately $259,000.
This investment comes as a number of other large investors have also recently bought and sold shares of Realty Income. SVB Wealth LLC raised its stake in Realty Income by 53.8% during the fourth quarter, while CWA Asset Management Group LLC and Dynamic Advisor Solutions LLC also made significant investments in the company. Public Employees Retirement System of Ohio and LexAurum Advisors LLC also increased their positions in Realty Income.
Realty Income stock traded up 1.2% on Friday, reaching $53.09. The company has a market capitalization of $46.23 billion and a price-to-earnings ratio of 49.16. The company recently announced its quarterly earnings data, reporting $0.16 EPS for the quarter.
In addition to its financial performance, Realty Income also announced an increase in its dividend, with stockholders set to receive a dividend of $0.263 per share. This represents a dividend yield of 6%.
Director A. Larry Chapman recently sold 5,000 shares of the company’s stock, while several equities research analysts have weighed in on Realty Income, with a consensus rating of “Hold” and a consensus target price of $61.35.
Realty Income, known as The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. The company invests in people and places to deliver dependable monthly dividends that increase over time.
Overall, Realty Income continues to attract attention from investors and analysts alike, with its strong financial performance and commitment to delivering consistent returns to shareholders.