Marcum Wealth LLC Has $293,000 Stock Position in Realty Income Co. (NYSE:O)

Marcum Wealth LLC grew its position in Realty Income Co. (NYSE:O) by 34.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,547 shares of the real estate investment trust’s stock after buying an additional 1,423 shares during the period. Marcum Wealth LLC’s holdings in Realty Income were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank bought a new position in shares of Realty Income during the fourth quarter worth about $25,000. Vima LLC acquired a new stake in Realty Income in the 4th quarter valued at about $25,000. WASHINGTON TRUST Co increased its holdings in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Realty Income in the first quarter valued at about $27,000. Finally, Baystate Wealth Management LLC grew its position in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the topic of a number of analyst reports. Mizuho increased their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group lifted their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. KeyCorp initiated coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Scotiabank raised their price target 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. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.88.

Realty Income Stock Down 0.3 %

Shares of NYSE O traded down $0.16 during mid-day trading on Monday, hitting $59.16. 12,164,399 shares of the stock traded hands, compared to its average volume of 6,151,591. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $60.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a fifty day moving average price of $54.41 and a 200-day moving average price of $53.75. The company has a market cap of $51.51 billion, a price-to-earnings ratio of 54.80, a PEG ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

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.