Realty Income Co. (NYSE:O) Shares Acquired by Evanson Asset Management LLC

Evanson Asset Management LLC grew its holdings in shares of Realty Income Co. (NYSE:O) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,535 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the period. Evanson Asset Management LLC’s holdings in Realty Income were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. CGC Financial Services LLC acquired a new stake in Realty Income during the 2nd quarter worth $25,000. Compass Wealth Management LLC acquired a new position in shares of Realty Income during the 4th quarter worth $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 boosted its stake in shares of 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 valued at $29,000 after acquiring an additional 235 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its position in shares of Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 429 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on O. Mizuho lowered their price target 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. BNP Paribas raised shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Wednesday, December 13th. Stifel Nicolaus cut their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a report on Wednesday, December 6th. Finally, BMO Capital Markets began coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Stock Up 0.6 %

Shares of O traded up $0.32 on Thursday, hitting $54.09. The company’s stock had a trading volume of 6,316,955 shares, compared to its average volume of 7,284,884. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The firm’s fifty day moving average price is $53.15 and its 200-day moving average price is $53.32. The firm has a market capitalization of $46.58 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 5.46 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 released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 21.39% and a return on equity of 4.06%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. On average, equities research analysts expect that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a $0.257 dividend. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date is Friday, March 29th. This represents a yield of 6%. Realty Income’s payout ratio is 244.45%.

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.