Pasadena Private Wealth LLC Invests $828,000 in Realty Income Co. (NYSE:O)

Pasadena Private Wealth LLC bought a new position in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,428 shares of the real estate investment trust’s stock, valued at approximately $828,000.

Several other institutional investors have also recently bought and sold shares of O. CGC Financial Services LLC acquired a new position in Realty Income in the second quarter valued at about $25,000. Compass Wealth Management LLC bought a new stake in Realty Income during the fourth quarter worth about $25,000. Manchester Capital Management LLC grew its position in shares of Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in Realty Income by 96.7% during the second quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 235 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 429 shares in the last quarter. Institutional investors own 78.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada increased their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. BNP Paribas upgraded Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a research note on Wednesday, December 13th. Finally, Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research note on Wednesday, December 6th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Price Performance

NYSE:O traded up $0.03 during midday trading on Monday, hitting $52.22. The company had a trading volume of 4,779,738 shares, compared to its average volume of 7,459,070. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock’s fifty day moving average price is $54.17 and its 200-day moving average price is $53.48. The company has a market capitalization of $44.97 billion, a PE ratio of 41.51, a P/E/G ratio of 5.35 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, research analysts expect that Realty Income Co. will post 4.17 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.257 per share. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date is Thursday, March 28th. Realty Income’s dividend payout ratio is 244.45%.

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.