Brookstone Capital Management Increases Position in Realty Income Co. (NYSE:O)

Brookstone Capital Management raised its position in Realty Income Co. (NYSE:O) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 204,262 shares of the real estate investment trust’s stock after buying an additional 2,755 shares during the quarter. Brookstone Capital Management’s holdings in Realty Income were worth $10,910,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Realty Income in the 2nd quarter valued at $1,491,000. Quest Partners LLC grew its position in shares of 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 valued at $122,000 after buying an additional 2,294 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Realty Income in the 2nd quarter valued at $42,000. BOKF NA grew its position in shares of Realty Income by 107.3% in the 2nd quarter. BOKF NA now owns 11,513 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 5,959 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Realty Income by 12.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,344,643 shares of the real estate investment trust’s stock valued at $123,844,000 after buying an additional 257,821 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 1.6 %

Shares of NYSE O opened at $52.48 on Tuesday. 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. The firm has a 50-day moving average price of $55.20 and a 200 day moving average price of $58.37. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 49.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays assumed coverage on shares of Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.50.

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.