ORG Wealth Partners LLC Takes $308,000 Position in Realty Income Co. (NYSE:O)

ORG Wealth Partners LLC purchased a new position in Realty Income Co. (NYSE:O) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,770 shares of the real estate investment trust’s stock, valued at approximately $308,000.

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

Realty Income Trading Down 1.5 %

O stock traded down $0.78 during trading on Friday, reaching $51.73. 2,621,071 shares of the stock were exchanged, compared to its average volume of 4,647,951. The business has a 50 day moving average price of $55.48 and a 200-day moving average price of $58.30. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $45.27 billion, a price-to-earnings ratio of 49.27, a P/E/G ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. On average, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Barclays began coverage on Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Royal Bank of Canada decreased their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.50.

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.