AssuredPartners Investment Advisors LLC Invests $393,000 in Realty Income Co. (NYSE:O)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,356 shares of the real estate investment trust’s stock, valued at approximately $393,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the 4th quarter worth $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC purchased a new position in Realty Income in the fourth quarter worth $34,000. Finally, BankPlus Trust Department bought a new position in Realty Income in the fourth quarter valued at $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.61 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $55.79 and a 200-day moving average price of $57.32. The company has a market cap of $50.47 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last released 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. 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 disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 328.57%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on O. Royal Bank of Canada cut their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $62.04.

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.