Avidian Wealth Solutions LLC Boosts Holdings in Realty Income Co. (NYSE:O)

Avidian Wealth Solutions LLC grew its holdings in shares of Realty Income Co. (NYSE:O) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,487 shares of the real estate investment trust’s stock after acquiring an additional 2,020 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Realty Income were worth $545,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC increased its stake 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 worth $26,000 after buying an additional 423 shares during the period. Baystate Wealth Management LLC boosted its holdings in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC bought a new stake in Realty Income in the fourth quarter valued at $29,000. Operose Advisors LLC bought a new stake in Realty Income in the third quarter valued at $30,000. Finally, Orion Capital Management LLC bought a new stake in Realty Income in the third quarter valued at $35,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on O. Stifel Nicolaus dropped their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Royal Bank of Canada lifted their price target 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, 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. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Stock Performance

Realty Income stock traded up $0.16 during mid-day trading on Monday, hitting $55.42. The company had a trading volume of 3,445,907 shares, compared to its average volume of 6,803,517. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company’s fifty day moving average is $52.83 and its 200-day moving average is $53.65. The company has a market capitalization of $47.72 billion, a price-to-earnings ratio of 43.97, a P/E/G ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last released 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). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 EPS. Equities research analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

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

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate 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.