Mayflower Financial Advisors LLC Purchases 334 Shares of Realty Income Co. (NYSE:O)

Mayflower Financial Advisors LLC grew its position in shares of Realty Income Co. (NYSE:O) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,496 shares of the real estate investment trust’s stock after purchasing an additional 334 shares during the period. Mayflower Financial Advisors LLC’s holdings in Realty Income were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Realty Income by 23.1% during the second quarter. AQR Capital Management LLC now owns 264,829 shares of the real estate investment trust’s stock valued at $13,835,000 after acquiring an additional 49,629 shares during the last quarter. Mackenzie Financial Corp raised its position in Realty Income by 5.5% during the 2nd quarter. Mackenzie Financial Corp now owns 97,156 shares of the real estate investment trust’s stock valued at $5,132,000 after purchasing an additional 5,090 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Realty Income by 53.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,413 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 2,221 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Realty Income by 51.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust’s stock worth $701,000 after buying an additional 4,524 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Realty Income by 110.0% during the second quarter. EP Wealth Advisors LLC now owns 39,001 shares of the real estate investment trust’s stock valued at $2,060,000 after buying an additional 20,427 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 1.5 %

Realty Income stock opened at $54.13 on Thursday. The business has a 50-day simple moving average of $54.62 and a two-hundred day simple moving average of $58.46. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $47.38 billion, a P/E ratio of 51.55, a P/E/G ratio of 1.93 and a beta of 1.00.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. Analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio is presently 300.95%.

Analysts Set New Price Targets

Several research firms recently weighed in on O. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Barclays assumed coverage on Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price for the company. Finally, Scotiabank dropped their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.04.

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.