Private Advisor Group LLC Has $3.12 Million Position in Realty Income Co. (NYSE:O)

Private Advisor Group LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,451 shares of the real estate investment trust’s stock after purchasing an additional 558 shares during the period. Private Advisor Group LLC’s holdings in Realty Income were worth $3,122,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its stake 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 purchasing an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in Realty Income during the third quarter valued at approximately $896,000. Charles Schwab Investment Management Inc. lifted its stake in Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after acquiring an additional 463,286 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after acquiring an additional 101,184 shares during the last quarter. Finally, Swiss National Bank grew its position in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after acquiring an additional 35,100 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of several analyst reports. Scotiabank reduced their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. 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. Finally, Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.21.

Realty Income Trading Up 0.3 %

Shares of Realty Income stock opened at $57.28 on Tuesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company’s fifty day simple moving average is $53.97 and its 200-day simple moving average is $58.03. The company has a market cap of $50.13 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 2.10 and a beta of 1.00. 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 (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 305.71%.

About Realty Income

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.