Yoder Wealth Management Inc. Acquires Shares of 3,707 Realty Income Co. (NYSE:O)

Yoder Wealth Management Inc. acquired a new stake in Realty Income Co. (NYSE:O) during the first quarter, HoldingsChannel reports. The fund acquired 3,707 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC raised its holdings in Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 2,677 shares during the period. CWA Asset Management Group LLC acquired a new stake in Realty Income in the fourth quarter worth $379,000. Dynamic Advisor Solutions LLC raised its holdings in Realty Income by 82.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares during the period. Finally, LexAurum Advisors LLC acquired a new stake in Realty Income in the fourth quarter worth $203,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. KeyCorp initiated coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Mizuho raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, UBS Group dropped their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $61.35.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Realty Income stock traded up $0.02 during midday trading on Wednesday, hitting $52.45. The company’s stock had a trading volume of 2,125,730 shares, compared to its average volume of 6,341,676. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The company has a 50-day moving average price of $53.59 and a two-hundred day moving average price of $54.03. The company has a market cap of $45.67 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 4.60 and a beta of 0.97.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.98 EPS. Realty Income’s revenue for the quarter was up 33.5% compared to the same quarter last year. As a group, sell-side analysts predict 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 jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a $0.263 dividend. The ex-dividend date of this dividend is Monday, July 1st. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. Realty Income’s payout ratio is presently 291.67%.

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.