Mitchell Mcleod Pugh & Williams Inc. Has $598,000 Position in Realty Income Co. (NYSE:O)

Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Realty Income Co. (NYSE:O) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,190 shares of the real estate investment trust’s stock after purchasing an additional 230 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Realty Income were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. increased its holdings in Realty Income by 0.6% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 164 shares during the period. Whittier Trust Co. increased its stake in Realty Income by 4.5% in the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 166 shares during the period. Greenleaf Trust raised its position in Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 170 shares in the last quarter. Grove Bank & Trust lifted its stake in Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 176 shares during the period. Finally, Buckley Wealth Management LLC boosted its holdings in Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 176 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.1 %

NYSE:O opened at $54.62 on Monday. The company has a market cap of $47.80 billion, a price-to-earnings ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s fifty day moving average price is $54.92 and its two-hundred day moving average price is $58.37. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. On average, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Wall Street Analyst Weigh In

Several research firms recently commented on O. Royal Bank of Canada cut their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $62.12.

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.