5,770 Shares in Realty Income Co. (NYSE:O) Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new stake in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,770 shares of the real estate investment trust’s stock, valued at approximately $308,000.

Several other large investors have also made changes to their positions in O. Atlanta Consulting Group Advisors LLC bought a new position in shares of Realty Income during the 3rd quarter valued at about $896,000. Code Waechter LLC bought a new position in Realty Income during the third quarter valued at approximately $1,308,000. Charles Schwab Investment Management Inc. grew its holdings in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares in the last quarter. Swiss National Bank increased its stake in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after acquiring an additional 35,100 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after acquiring an additional 74,185 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 1.5 %

Shares of NYSE O traded down $0.78 during mid-day trading on Friday, reaching $51.73. The company had a trading volume of 2,621,071 shares, compared to its average volume of 4,647,951. The stock has a market cap of $45.27 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The business’s 50-day moving average is $55.48 and its 200-day moving average is $58.30. 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 issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. Equities analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.264 dividend. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date is Thursday, January 2nd. Realty Income’s dividend payout ratio is currently 300.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on O shares. Royal Bank of Canada reduced their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Barclays initiated coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target for the company. Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Stifel Nicolaus decreased 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. Twelve 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, Realty Income has an average rating of “Hold” and a consensus price target of $62.50.

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.