Realty Income Co. (NYSE:O) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp raised its stake in shares of Realty Income Co. (NYSE:O) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,733 shares of the real estate investment trust’s stock after acquiring an additional 840 shares during the period. Money Concepts Capital Corp’s holdings in Realty Income were worth $787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in O. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Realty Income by 11.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,664 shares of the real estate investment trust’s stock valued at $6,777,000 after buying an additional 13,278 shares during the period. Virginia Wealth Management Group Inc. grew its position in Realty Income by 2.1% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 50,690 shares of the real estate investment trust’s stock valued at $2,707,000 after acquiring an additional 1,055 shares in the last quarter. Groesbeck Investment Management Corp NJ purchased a new stake in Realty Income during the fourth quarter worth about $524,000. Hager Investment Management Services LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $586,000. Finally, Retirement Systems of Alabama lifted its position in shares of Realty Income by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 693,129 shares of the real estate investment trust’s stock worth $37,020,000 after purchasing an additional 2,134 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on O shares. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays cut their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Performance

Shares of Realty Income stock opened at $54.47 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm’s 50 day moving average is $54.31 and its two-hundred day moving average is $58.37. The firm has a market capitalization of $47.67 billion, a P/E ratio of 51.87, a P/E/G ratio of 1.96 and a beta of 1.00.

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

Realty Income Dividend Announcement

The company also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

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.