LPL Financial LLC Purchases 59,516 Shares of Realty Income Co. (NYSE:O)

LPL Financial LLC lifted its stake in shares of Realty Income Co. (NYSE:O) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,090,335 shares of the real estate investment trust’s stock after acquiring an additional 59,516 shares during the period. LPL Financial LLC owned approximately 0.24% of Realty Income worth $111,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Raymond James Financial Inc. acquired a new position in Realty Income during the fourth quarter valued at approximately $553,572,000. Trust Co. of Vermont grew its stake in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Realty Income by 27.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after acquiring an additional 166,178 shares during the period. Asset Management One Co. Ltd. lifted its position in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after acquiring an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays upped their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

O opened at $55.64 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock’s 50 day simple moving average is $55.65 and its 200 day simple moving average is $57.38. The firm has a market cap of $49.60 billion, a price-to-earnings ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is currently 328.57%.

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.