ETF Store Inc. Boosts Stake in Realty Income Co. (NYSE:O)

ETF Store Inc. grew its stake in shares of Realty Income Co. (NYSE:O) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,362 shares of the real estate investment trust’s stock after buying an additional 460 shares during the quarter. ETF Store Inc.’s holdings in Realty Income were worth $286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the 4th quarter valued at $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the 4th quarter valued at $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the 4th quarter valued at $37,000. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the 4th quarter valued at $40,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.9 %

Shares of NYSE O opened at $55.86 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market cap of $49.80 billion, a P/E ratio of 53.20, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm has a 50-day moving average of $55.04 and a 200 day moving average of $57.76. 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 issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s payout ratio is 327.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays raised their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft began 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. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.04.

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.