HBW Advisory Services LLC Increases Holdings in Realty Income Co. (NYSE:O)

HBW Advisory Services LLC grew its holdings in shares of Realty Income Co. (NYSE:O) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,170 shares of the real estate investment trust’s stock after buying an additional 1,757 shares during the quarter. HBW Advisory Services LLC’s holdings in Realty Income were worth $3,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Acadian Asset Management LLC purchased a new stake in Realty Income in the 2nd quarter worth about $1,491,000. Quest Partners LLC grew its stake in Realty Income by 9,558.3% in the 2nd quarter. Quest Partners LLC now owns 2,318 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 2,294 shares in the last quarter. Prudential PLC grew its stake in Realty Income by 42.4% in the 2nd quarter. Prudential PLC now owns 14,103 shares of the real estate investment trust’s stock worth $745,000 after acquiring an additional 4,201 shares in the last quarter. Choreo LLC boosted its stake in shares of Realty Income by 459.9% during the second quarter. Choreo LLC now owns 25,821 shares of the real estate investment trust’s stock valued at $1,354,000 after purchasing an additional 21,209 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of Realty Income by 3.7% during the second quarter. Royal London Asset Management Ltd. now owns 344,237 shares of the real estate investment trust’s stock valued at $18,092,000 after purchasing an additional 12,187 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on O shares. Mizuho dropped their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Barclays initiated coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.50.

Realty Income Stock Performance

Shares of Realty Income stock traded down $0.79 during trading on Friday, hitting $51.72. 3,833,520 shares of the company’s stock were exchanged, compared to its average volume of 4,882,458. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business has a 50-day simple moving average of $55.48 and a 200-day simple moving average of $58.30. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market capitalization of $45.27 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business 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 company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. On average, research analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

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.