Signaturefd LLC Grows Position in Realty Income Co. (NYSE:O)

Signaturefd LLC raised its position in Realty Income Co. (NYSE:O) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,620 shares of the real estate investment trust’s stock after purchasing an additional 1,042 shares during the quarter. Signaturefd LLC’s holdings in Realty Income were worth $1,475,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $32,000. BankPlus Trust Department purchased a new stake in shares of Realty Income during the 4th quarter valued at about $37,000. Luken Investment Analytics LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $40,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Realty Income by 306.5% during the 4th 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 during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on O shares. Barclays raised their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank dropped their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

Shares of O opened at $56.96 on Wednesday. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 2.10 and a beta of 1.00. The stock has a 50 day moving average of $55.28 and a 200-day moving average of $57.60. 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 Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS 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 return on equity of 2.35% and a net margin of 17.57%. As a group, analysts forecast 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. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is currently 328.57%.

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.