Realty Income Co. (NYSE:O) Position Boosted by Fortis Group Advisors LLC

Fortis Group Advisors LLC increased its stake in Realty Income Co. (NYSE:O) by 100.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,900 shares of the real estate investment trust’s stock after acquiring an additional 950 shares during the quarter. Fortis Group Advisors LLC’s holdings in Realty Income were worth $109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in Realty Income by 0.3% during the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after buying an additional 204 shares during the period. 1832 Asset Management L.P. boosted its position in Realty Income by 0.6% during the 4th quarter. 1832 Asset Management L.P. now owns 36,299 shares of the real estate investment trust’s stock worth $2,084,000 after acquiring an additional 207 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Realty Income by 24.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 208 shares during the last quarter. Finally, Bank of New Hampshire lifted its position in shares of Realty Income by 23.3% in the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on O. Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Scotiabank boosted their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. UBS Group dropped their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, KeyCorp started coverage on shares of Realty Income in a research note on Wednesday. They issued a “sector weight” rating on the stock. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.35.

Realty Income Stock Performance

Shares of NYSE O traded up $0.15 during trading on Friday, hitting $53.37. The company had a trading volume of 3,374,700 shares, compared to its average volume of 4,807,745. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The firm has a market capitalization of $46.47 billion, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 4.66 and a beta of 0.94. The stock has a 50 day simple moving average of $53.50 and a 200 day simple moving average of $54.23.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, analysts anticipate that Realty Income Co. will post 4.18 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.263 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

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.