Arete Wealth Advisors LLC Grows Stock Holdings in Realty Income Co. (NYSE:O)

Arete Wealth Advisors LLC increased its stake in Realty Income Co. (NYSE:O) by 16.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,233 shares of the real estate investment trust’s stock after buying an additional 1,002 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Realty Income were worth $385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centiva Capital LP purchased a new stake in shares of Realty Income in the third quarter worth $406,000. Integrated Wealth Concepts LLC boosted its stake in Realty Income by 2.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock worth $2,545,000 after purchasing an additional 923 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Realty Income by 2.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 352,925 shares of the real estate investment trust’s stock valued at $22,290,000 after purchasing an additional 8,688 shares during the last quarter. Quantinno Capital Management LP increased its stake in Realty Income by 27.8% during the 3rd quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust’s stock valued at $3,950,000 after purchasing an additional 13,553 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in Realty Income by 1.7% in the third quarter. Stifel Financial Corp now owns 1,183,181 shares of the real estate investment trust’s stock worth $75,039,000 after buying an additional 20,249 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Mizuho upped their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Down 3.4 %

Shares of O stock opened at $55.11 on Friday. The company has a 50 day simple moving average of $56.03 and a two-hundred day simple moving average of $57.08. The stock has a market cap of $49.15 billion, a P/E ratio of 52.49, a P/E/G 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. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced 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. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio is currently 328.57%.

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.