Wealth Alliance Acquires 4,476 Shares of Realty Income Co. (NYSE:O)

Wealth Alliance boosted its holdings in shares of Realty Income Co. (NYSE:O) by 25.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,953 shares of the real estate investment trust’s stock after purchasing an additional 4,476 shares during the quarter. Wealth Alliance’s holdings in Realty Income were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Wealth Management LLC purchased a new position in Realty Income during the 4th quarter valued at approximately $25,000. Manchester Capital Management LLC grew its holdings in 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 valued at $26,000 after buying an additional 423 shares in the last quarter. Baystate Wealth Management LLC grew its holdings in 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 valued at $28,000 after buying an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in 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 valued at $29,000 after buying an additional 429 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Realty Income during the 4th quarter valued at approximately $29,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $50.81 on Wednesday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock has a fifty day moving average price of $52.55 and a 200-day moving average price of $53.34. 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 firm has a market cap of $43.75 billion, a PE ratio of 40.33, a P/E/G ratio of 5.36 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 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 business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on O shares. Mizuho dropped their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Stifel Nicolaus reduced 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. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.96.

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.