Optas LLC Purchases New Holdings in Realty Income Co. (NYSE:O)

Optas LLC purchased a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,880 shares of the real estate investment trust’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. raised its stake in Realty Income by 0.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 164 shares during the period. Whittier Trust Co. raised its stake in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 166 shares during the period. Greenleaf Trust lifted its holdings in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares during the last quarter. Grove Bank & Trust boosted its position in Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 176 shares during the period. Finally, Buckley Wealth Management LLC increased its holdings in shares of Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on O shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Barclays decreased their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Mizuho dropped their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.81.

Realty Income Stock Performance

Shares of NYSE:O opened at $54.08 on Wednesday. The company’s 50 day simple moving average is $54.39 and its 200 day simple moving average is $58.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 51.50, a price-to-earnings-growth 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 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 analyst estimates 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 period last year, the firm posted $1.02 EPS. As a group, research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.264 dividend. 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 currently 301.91%.

About Realty Income

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.