West Paces Advisors Inc. Grows Stock Holdings in Realty Income Co. (NYSE:O)

West Paces Advisors Inc. boosted its position in Realty Income Co. (NYSE:O) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,093 shares of the real estate investment trust’s stock after purchasing an additional 414 shares during the period. West Paces Advisors Inc.’s holdings in Realty Income were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. American National Bank purchased a new position in shares of Realty Income during the 4th quarter worth approximately $25,000. Vima LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in Realty Income in the 1st quarter worth approximately $27,000. Baystate Wealth Management LLC grew its stake in Realty Income by 62.7% in 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 period. Finally, CVA Family Office LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $29,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Down 0.5 %

O traded down $0.24 during trading on Wednesday, reaching $52.68. The company had a trading volume of 4,773,892 shares, compared to its average volume of 6,390,784. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The business’s fifty day moving average price is $53.60 and its 200 day moving average price is $54.16. The company has a market cap of $45.87 billion, a P/E ratio of 48.79, a PEG ratio of 4.61 and a beta of 0.94.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Equities analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.263 dividend. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. Realty Income’s payout ratio is currently 291.67%.

Analyst Ratings Changes

Several research firms recently weighed in on O. UBS Group reduced their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Scotiabank upped their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $61.35.

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.