Loudon Investment Management LLC Acquires 7,110 Shares of Realty Income Co. (NYSE:O)

Loudon Investment Management LLC increased its position in shares of Realty Income Co. (NYSE:O) by 47.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,980 shares of the real estate investment trust’s stock after buying an additional 7,110 shares during the quarter. Loudon Investment Management LLC’s holdings in Realty Income were worth $1,174,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in Realty Income during the fourth quarter valued at $32,000. BankPlus Trust Department purchased a new stake in Realty Income in the fourth quarter worth $37,000. ST Germain D J Co. Inc. increased its position in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $40,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on O. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

Realty Income stock opened at $56.45 on Friday. The company has a market capitalization of $50.33 billion, a P/E ratio of 53.76, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $55.44 and its 200 day moving average is $57.58.

Realty Income (NYSE:O) last released its quarterly earnings data 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). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued 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 dividend payout ratio is presently 328.57%.

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.