Nwam LLC Has $962,000 Position in Realty Income Co. (NYSE:O)

Nwam LLC increased its stake in Realty Income Co. (NYSE:O) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,007 shares of the real estate investment trust’s stock after purchasing an additional 914 shares during the quarter. Nwam LLC’s holdings in Realty Income were worth $962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC lifted its holdings in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares during the last quarter. Romano Brothers AND Company lifted its holdings in shares of Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 200 shares during the last quarter. Bay Rivers Group lifted its holdings in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 200 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Realty Income by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 229 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE:O opened at $57.03 on Friday. The business’s fifty day moving average price is $54.25 and its two-hundred day moving average price is $57.95. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market capitalization of $49.91 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is currently 327.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on O shares. Mizuho lowered their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $61.81.

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.