Wedbush Securities Inc. Has $1.17 Million Stock Holdings in Realty Income Co. (NYSE:O)

Wedbush Securities Inc. raised its stake in Realty Income Co. (NYSE:O) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,806 shares of the real estate investment trust’s stock after buying an additional 1,175 shares during the period. Wedbush Securities Inc.’s holdings in Realty Income were worth $1,165,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Realty Income during the 4th quarter worth approximately $624,666,000. Raymond James Financial Inc. acquired a new position in shares of Realty Income during the fourth quarter worth $553,572,000. California Public Employees Retirement System grew its stake in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Geode Capital Management LLC increased its holdings in Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the period. Finally, Vanguard Group Inc. raised its position in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after purchasing an additional 555,908 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

O stock opened at $55.11 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business has a 50-day simple moving average of $56.03 and a two-hundred day simple moving average of $57.05. The company has a market capitalization of $49.15 billion, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last announced 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 analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s payout ratio is presently 328.57%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on O. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.42.

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.