Sandbox Financial Partners LLC Acquires New Position in Realty Income Co. (NYSE:O)

Sandbox Financial Partners LLC bought a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,876 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC acquired a new position in shares of Realty Income during the fourth quarter worth approximately $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 raised its position 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 buying an additional 235 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Realty Income during the fourth quarter valued at approximately $29,000. Finally, Manchester Capital Management LLC lifted its position in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 0.6 %

Realty Income stock traded up $0.32 during mid-day trading on Friday, hitting $54.09. 6,316,955 shares of the company’s stock were exchanged, compared to its average volume of 6,409,523. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock has a 50 day moving average of $53.15 and a two-hundred day moving average of $53.32. The stock has a market cap of $46.58 billion, a P/E ratio of 42.93, a P/E/G ratio of 5.58 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

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 the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.257 dividend. This represents a dividend yield of 6%. This is a boost 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 is currently 244.45%.

Analyst Ratings Changes

O has been the subject of several research analyst reports. 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 objective for the company. Mizuho reduced their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Wolfe Research raised Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research report on Wednesday, December 6th. Stifel Nicolaus dropped 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. 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.com, Realty Income has a consensus rating of “Hold” and a consensus target price 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.