Wealthspire Advisors LLC Raises Stock Position in Realty Income Co. (NYSE:O)

Wealthspire Advisors LLC boosted its position in shares of Realty Income Co. (NYSE:O) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,647 shares of the real estate investment trust’s stock after buying an additional 1,292 shares during the quarter. Wealthspire Advisors LLC’s holdings in Realty Income were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. TCW Group Inc. raised its stake in Realty Income by 2.6% during the fourth quarter. TCW Group Inc. now owns 12,226 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 310 shares during the period. JBR Co Financial Management Inc increased its position in shares of Realty Income by 2.4% during the fourth quarter. JBR Co Financial Management Inc now owns 17,349 shares of the real estate investment trust’s stock valued at $927,000 after acquiring an additional 412 shares during the last quarter. Sigma Planning Corp increased its position in shares of Realty Income by 15.0% during the fourth quarter. Sigma Planning Corp now owns 46,268 shares of the real estate investment trust’s stock valued at $2,471,000 after acquiring an additional 6,051 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Realty Income during the fourth quarter valued at about $484,000. Finally, Nicholson Wealth Management Group LLC increased its position in shares of Realty Income by 141.1% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 28,149 shares of the real estate investment trust’s stock valued at $1,503,000 after acquiring an additional 16,476 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on O shares. Scotiabank dropped 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 research report on Thursday, January 16th. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Tuesday. Finally, UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.12.

Realty Income Trading Down 1.9 %

NYSE O opened at $56.21 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The stock has a market capitalization of $49.20 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm has a 50 day moving average of $54.00 and a two-hundred day moving average of $58.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is 305.71%.

About Realty Income

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.