Financial Counselors Inc. Grows Stake in Realty Income Co. (NYSE:O)

Financial Counselors Inc. increased its holdings in Realty Income Co. (NYSE:O) by 41.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,672 shares of the real estate investment trust’s stock after buying an additional 1,659 shares during the period. Financial Counselors Inc.’s holdings in Realty Income were worth $303,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Trust Investment Advisors raised its stake in Realty Income by 10.4% in the fourth quarter. Trust Investment Advisors now owns 21,925 shares of the real estate investment trust’s stock valued at $1,171,000 after purchasing an additional 2,071 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Realty Income by 5.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 438,387 shares of the real estate investment trust’s stock valued at $23,414,000 after buying an additional 23,795 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Realty Income by 2.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 315,019 shares of the real estate investment trust’s stock worth $16,825,000 after acquiring an additional 6,810 shares during the last quarter. Prestige Wealth Management Group LLC grew its position in Realty Income by 6.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 12,761 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 827 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its stake in Realty Income by 10.3% in the fourth quarter. Zions Bancorporation N.A. now owns 117,670 shares of the real estate investment trust’s stock valued at $6,285,000 after acquiring an additional 10,966 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.61 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $55.79 and a 200-day moving average price of $57.32. The company has a market cap of $50.47 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for 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, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is 328.57%.

Analysts Set New Price Targets

Several brokerages have issued reports on O. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.