Northstar Advisory Group LLC Invests $201,000 in Realty Income Co. (NYSE:O)

Northstar Advisory Group LLC purchased a new position in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,500 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other institutional investors have also modified their holdings of the company. Compass Wealth Management LLC purchased a new stake in Realty Income in the 4th quarter valued at approximately $25,000. CGC Financial Services LLC purchased a new position in shares of Realty Income during the 2nd quarter worth $25,000. Stonebridge Capital Advisors LLC lifted its stake in shares of Realty Income by 96.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 235 shares during the period. CVA Family Office LLC purchased a new position in shares of Realty Income during the 4th quarter worth $29,000. Finally, Manchester Capital Management LLC increased its holdings 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. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $53.96 on Thursday. The stock has a market cap of $46.47 billion, a P/E ratio of 42.67, a P/E/G ratio of 5.46 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average price of $53.22 and a two-hundred day moving average price of $53.32. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. As a group, equities analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.257 per share. This represents a yield of 6%. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Analysts Set New Price Targets

O has been the subject of several recent research reports. Mizuho lowered their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Wednesday, December 13th. Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research note on Wednesday, December 6th. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.