Colonial River Wealth Management LLC Makes New Investment in Realty Income Co. (NYSE:O)

Colonial River Wealth Management LLC acquired a new position in shares of Realty Income Co. (NYSE:OFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,532 shares of the real estate investment trust’s stock, valued at approximately $318,000.

A number of other hedge funds have also recently added to or reduced their stakes in O. Compass Wealth Management LLC acquired a new position in Realty Income during the 4th quarter valued at about $25,000. CGC Financial Services LLC acquired a new position in Realty Income during the 2nd quarter valued at about $25,000. Stonebridge Capital Advisors LLC lifted its position in 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 valued at $29,000 after purchasing an additional 235 shares during the period. CVA Family Office LLC acquired a new position in Realty Income during the 4th quarter valued at about $29,000. Finally, Manchester Capital Management LLC lifted its position in 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 valued at $26,000 after purchasing an additional 423 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $52.87 on Wednesday. The stock has a market capitalization of $45.53 billion, a P/E ratio of 41.96, a P/E/G ratio of 5.55 and a beta of 0.92. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a 50 day moving average of $53.02 and a 200-day moving average of $53.28. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

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

Realty Income Increases Dividend

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

Analyst Ratings Changes

O has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research report on Wednesday, December 6th. Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.96.

Check Out Our Latest Stock Analysis on O

Realty Income Company 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 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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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