Prudent Man Advisors LLC Acquires 1,597 Shares of Realty Income Co. (NYSE:O)

Prudent Man Advisors LLC increased its holdings in Realty Income Co. (NYSE:O) by 25.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,808 shares of the real estate investment trust’s stock after purchasing an additional 1,597 shares during the period. Prudent Man Advisors LLC’s holdings in Realty Income were worth $417,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sage Investment Counsel LLC bought a new stake in shares of Realty Income during the 4th quarter valued at about $896,000. SVB Wealth LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $873,000. Parkside Financial Bank & Trust grew its stake in shares of Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 218 shares during the period. Prosperitas Financial LLC purchased a new position in Realty Income in the 4th quarter worth approximately $211,000. Finally, QRG Capital Management Inc. lifted its holdings in Realty Income by 7.2% in the 4th quarter. QRG Capital Management Inc. now owns 48,220 shares of the real estate investment trust’s stock worth $2,575,000 after purchasing an additional 3,249 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.8 %

Shares of NYSE:O opened at $57.03 on Friday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market cap of $49.91 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $54.25 and a 200-day moving average price of $57.93.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm 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%. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is 327.55%.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Scotiabank lowered their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $61.81.

Realty Income 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.