Bard Financial Services Inc. purchased a new stake in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,000 shares of the real estate investment trust’s stock, valued at approximately $1,181,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Key Financial Inc bought a new position in shares of Realty Income in the fourth quarter worth approximately $25,000. Safeguard Investment Advisory Group LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $26,000. Capital Asset Advisory Services LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $31,000. Vantage Consulting Group Inc bought a new position in shares of Realty Income in the fourth quarter worth approximately $32,000. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.
Several research analysts recently weighed in on O shares. Mizuho restated a “neutral” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Wednesday, March 10th. The Goldman Sachs Group initiated coverage on shares of Realty Income in a research report on Friday, January 22nd. They set a “conviction-buy” rating on the stock. Morgan Stanley increased their price target on shares of Realty Income from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, December 15th. Finally, Robert W. Baird initiated coverage on shares of Realty Income in a research report on Wednesday, December 16th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.80.
NYSE:O opened at $65.55 on Thursday. The firm has a market cap of $24.48 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 4.80 and a beta of 0.64. Realty Income Co. has a fifty-two week low of $47.68 and a fifty-two week high of $66.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.77 and a current ratio of 4.77. The business has a 50 day moving average price of $62.38 and a 200-day moving average price of $61.12.
Realty Income (NYSE:O) last released its quarterly earnings data on Sunday, February 21st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.50). The company had revenue of $418.10 million for the quarter, compared to analysts’ expectations of $398.27 million. Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. Research analysts predict that Realty Income Co. will post 3.4 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st will be paid a dividend of $0.235 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, March 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.23. Realty Income’s dividend payout ratio is 84.94%.
About Realty Income
Realty Income, The Monthly Dividend Company<sup>Â®</sup>, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.
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