N.E.W. Advisory Services LLC Raises Stock Position in Realty Income Co. (NYSE:O)

N.E.W. Advisory Services LLC lifted its position in shares of Realty Income Co. (NYSE:O) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,901 shares of the real estate investment trust’s stock after acquiring an additional 2,129 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Realty Income were worth $569,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in Realty Income by 8.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 115,957 shares of the real estate investment trust’s stock valued at $5,791,000 after acquiring an additional 9,207 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Realty Income by 2.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 362,393 shares of the real estate investment trust’s stock worth $18,098,000 after purchasing an additional 8,255 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Realty Income by 4.0% during the 3rd quarter. New York State Teachers Retirement System now owns 646,311 shares of the real estate investment trust’s stock worth $32,277,000 after purchasing an additional 24,714 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Realty Income by 12.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,780 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 1,058 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Realty Income by 11.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 463,987 shares of the real estate investment trust’s stock valued at $23,172,000 after buying an additional 48,962 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.3 %

Shares of NYSE:O traded up $0.17 during trading on Monday, reaching $55.43. 6,842,039 shares of the stock were exchanged, compared to its average volume of 6,845,817. The firm has a market cap of $47.73 billion, a price-to-earnings ratio of 43.99, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm’s 50-day moving average price is $52.89 and its 200 day moving average price is $53.70.

Realty Income (NYSE:O) last issued its 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). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue was up 21.1% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on O. BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Royal Bank of Canada increased their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.96.

About Realty Income

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.