3,946 Shares in Realty Income Co. (NYSE:O) Purchased by Central Valley Advisors LLC

Central Valley Advisors LLC bought a new stake in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,946 shares of the real estate investment trust’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also made changes to their positions in O. EverSource Wealth Advisors LLC lifted its position in Realty Income by 158.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 424 shares in the last quarter. Berkeley Capital Partners LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at approximately $1,272,000. Franklin Resources Inc. lifted its holdings in Realty Income by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock valued at $46,175,000 after acquiring an additional 2,365 shares during the last quarter. Assetmark Inc. increased its stake in Realty Income by 11.2% during the fourth quarter. Assetmark Inc. now owns 43,231 shares of the real estate investment trust’s stock worth $2,482,000 after acquiring an additional 4,368 shares during the last quarter. Finally, L.M. Kohn & Company lifted its stake in shares of Realty Income by 3.4% in the 4th quarter. L.M. Kohn & Company now owns 15,408 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on O shares. BMO Capital Markets initiated coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Scotiabank raised their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho lifted their target price on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight 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, the company presently has a consensus rating of “Hold” and an average price target of $61.38.

Realty Income Stock Down 1.9 %

NYSE:O traded down $1.07 during trading hours on Wednesday, hitting $54.01. The company’s stock had a trading volume of 3,308,568 shares, compared to its average volume of 6,591,625. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $47.03 billion, a P/E ratio of 50.69, a price-to-earnings-growth ratio of 5.36 and a beta of 0.92. The stock has a fifty day moving average of $53.44 and a 200-day moving average of $54.16.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a dividend of $0.2625 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, June 3rd. This is an increase from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 285.19%.

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.