Independent Advisor Alliance Grows Stake in Realty Income Co. (NYSE:O)

Independent Advisor Alliance raised its holdings in shares of Realty Income Co. (NYSE:O) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,134 shares of the real estate investment trust’s stock after purchasing an additional 2,176 shares during the period. Independent Advisor Alliance’s holdings in Realty Income were worth $1,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Realty Income in the 4th quarter worth approximately $32,000. BankPlus Trust Department acquired a new stake in shares of Realty Income during the fourth quarter worth $37,000. ST Germain D J Co. Inc. lifted its stake in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at $40,000. Finally, United Community Bank acquired a new position in shares of Realty Income in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.7 %

O stock opened at $56.79 on Friday. The firm has a market cap of $50.63 billion, a P/E ratio of 54.09, a PEG ratio of 2.10 and a beta of 1.00. The company’s 50-day simple moving average is $55.11 and its 200-day simple moving average is $57.73. 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.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given 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 is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 327.55%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Scotiabank decreased their target price 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. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Finally, BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Eleven equities research 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, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.04.

About Realty Income

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.