Realty Income Co. (NYSE:O) Shares Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT grew its position in shares of Realty Income Co. (NYSE:O) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 29,877 shares of the real estate investment trust’s stock after purchasing an additional 236 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Realty Income were worth $1,716,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC boosted its stake in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 429 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Realty Income during the 4th quarter worth $29,000. Finally, Operose Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $30,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the business’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 owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Realty Income Stock Down 0.2 %

NYSE O traded down $0.09 during trading on Friday, hitting $53.71. 6,861,575 shares of the company traded hands, compared to its average volume of 5,076,704. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The business has a fifty day simple moving average of $52.65 and a 200 day simple moving average of $53.48. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $46.25 billion, a P/E ratio of 42.64, a PEG ratio of 5.58 and a beta of 0.92.

Realty Income (NYSE:O) last posted its 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). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business earned $1.00 earnings per share. Realty Income’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, sell-side analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

O has been the subject of several research reports. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Royal Bank of Canada raised 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. Stifel Nicolaus decreased 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. Mizuho decreased 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. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $60.96.

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.