Pure Financial Advisors LLC Buys Shares of 5,027 Realty Income Co. (NYSE:O)

Pure Financial Advisors LLC purchased a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,027 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton raised its stake in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC lifted its stake in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares in the last quarter. Pacifica Partners Inc. grew its stake in shares of Realty Income by 89.2% during the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 437 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Realty Income by 313.5% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of several recent research reports. Scotiabank cut their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays started coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Stifel Nicolaus dropped 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. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.12.

Realty Income Stock Down 2.3 %

Shares of NYSE:O opened at $53.98 on Thursday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business’s 50-day moving average is $54.82 and its 200-day moving average is $58.44. The company has a market capitalization of $47.24 billion, a price-to-earnings ratio of 51.41, a P/E/G ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 earnings per share. Equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

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.