IFP Advisors Inc Raises Stock Holdings in Realty Income Co. (NYSE:O)

IFP Advisors Inc boosted its stake in Realty Income Co. (NYSE:O) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,975 shares of the real estate investment trust’s stock after buying an additional 1,837 shares during the period. IFP Advisors Inc’s holdings in Realty Income were worth $426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthShield Partners LLC acquired a new position in Realty Income in the 4th quarter valued at about $1,314,000. Y Intercept Hong Kong Ltd grew its position in Realty Income by 1,934.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 74,648 shares of the real estate investment trust’s stock valued at $3,987,000 after acquiring an additional 70,978 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Realty Income by 45.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 193,153 shares of the real estate investment trust’s stock valued at $10,316,000 after acquiring an additional 60,100 shares in the last quarter. Howard Capital Management Inc. grew its position in Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 229 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its position in Realty Income by 7.9% in the 4th quarter. Wealthspire Advisors LLC now owns 17,647 shares of the real estate investment trust’s stock valued at $943,000 after acquiring an additional 1,292 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

O stock opened at $57.03 on Friday. The company has a market capitalization of $49.91 billion, a P/E ratio of 54.31, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The business has a 50 day simple moving average of $54.25 and a 200-day simple moving average of $57.93. 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 posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 327.55%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on O. Mizuho dropped their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. UBS Group lowered their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Scotiabank lowered their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.81.

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.