Kellett Wealth Advisors LLC Makes New $281,000 Investment in Realty Income Co. (NYSE:O)

Kellett Wealth Advisors LLC acquired a new position in Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,890 shares of the real estate investment trust’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its stake in Realty Income by 6.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 403 shares in the last quarter. LexAurum Advisors LLC bought a new stake in shares of Realty Income during the fourth quarter worth $203,000. Vest Financial LLC raised its position in shares of Realty Income by 50.3% during the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock worth $31,037,000 after acquiring an additional 180,974 shares during the last quarter. Sowell Financial Services LLC raised its position in shares of Realty Income by 21.0% during the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock worth $1,224,000 after acquiring an additional 3,681 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its position in shares of Realty Income by 449.1% during the fourth quarter. Cohen Investment Advisors LLC now owns 35,391 shares of the real estate investment trust’s stock worth $2,032,000 after acquiring an additional 28,946 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 1.4 %

NYSE:O traded up $0.74 on Thursday, reaching $52.02. The company’s stock had a trading volume of 4,959,003 shares, compared to its average volume of 6,909,938. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $44.80 billion, a PE ratio of 40.97, a PEG ratio of 5.27 and a beta of 0.92. The business’s 50-day moving average price is $52.51 and its two-hundred day moving average price is $53.33.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on O shares. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Mizuho dropped their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Stifel Nicolaus dropped their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Finally, BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

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.