Realty Income Co. (NYSE:O) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. raised its stake in Realty Income Co. (NYSE:O) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,429 shares of the real estate investment trust’s stock after acquiring an additional 8,784 shares during the quarter. United Asset Strategies Inc.’s holdings in Realty Income were worth $4,733,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. SVB Wealth LLC increased its stake in Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 2,677 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in Realty Income by 152.6% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 20,085 shares of the real estate investment trust’s stock valued at $1,153,000 after acquiring an additional 12,134 shares during the period. Strs Ohio grew its position in Realty Income by 23.4% during the fourth quarter. Strs Ohio now owns 479,014 shares of the real estate investment trust’s stock valued at $27,504,000 after acquiring an additional 90,760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Realty Income by 8.7% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,972,638 shares of the real estate investment trust’s stock valued at $228,109,000 after acquiring an additional 317,523 shares during the period. Finally, Romano Brothers AND Company grew its position in Realty Income by 35.8% during the fourth quarter. Romano Brothers AND Company now owns 8,783 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 2,315 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 0.4 %

O traded down $0.20 on Tuesday, reaching $51.45. The company’s stock had a trading volume of 2,537,454 shares, compared to its average volume of 6,896,924. The stock has a market cap of $44.30 billion, a price-to-earnings ratio of 40.54, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. 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 current ratio of 1.28 and a quick ratio of 1.28. The business’s 50 day moving average is $52.61 and its 200 day moving average is $53.34.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. As a group, research analysts forecast that Realty Income Co. will post 4.16 EPS 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. Investors of record on Wednesday, May 1st will be given a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s dividend payout ratio is currently 244.45%.

Analysts Set New Price Targets

A number of research firms have issued reports on O. BMO Capital Markets began coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. 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. Royal Bank of Canada upped 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, 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. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus target price of $60.96.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

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.