Whitaker Myers Wealth Managers LTD. Takes $246,000 Position in Realty Income Co. (NYSE:O)

Whitaker Myers Wealth Managers LTD. acquired a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,605 shares of the real estate investment trust’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bowman & Co S.C. bought a new position in shares of Realty Income in the 4th quarter valued at about $1,180,000. HB Wealth Management LLC boosted its holdings in shares of Realty Income by 54.9% during the 4th quarter. HB Wealth Management LLC now owns 16,083 shares of the real estate investment trust’s stock worth $857,000 after buying an additional 5,701 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after buying an additional 28,480 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of Realty Income by 13.1% during the 4th quarter. Arkadios Wealth Advisors now owns 23,143 shares of the real estate investment trust’s stock worth $1,236,000 after buying an additional 2,682 shares during the period. Finally, LongView Wealth Management boosted its holdings in shares of Realty Income by 39.0% during the 4th quarter. LongView Wealth Management now owns 35,188 shares of the real estate investment trust’s stock worth $1,879,000 after buying an additional 9,878 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.1 %

O opened at $54.62 on Friday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00. The company’s 50 day moving average price is $54.92 and its two-hundred day moving average price is $58.32.

Realty Income (NYSE:O) last posted 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 firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio is currently 301.91%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Scotiabank reduced their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Barclays assumed coverage on shares of Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $62.12.

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.