Core Wealth Partners LLC Acquires 1,038 Shares of Realty Income Co. (NYSE:O)

Core Wealth Partners LLC grew its holdings in Realty Income Co. (NYSE:O) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,614 shares of the real estate investment trust’s stock after acquiring an additional 1,038 shares during the period. Core Wealth Partners LLC’s holdings in Realty Income were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Lee Danner & Bass Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income during the fourth quarter worth $34,000. Finally, BankPlus Trust Department purchased a new position in Realty Income during the fourth quarter valued at $37,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, Scotiabank reduced their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.04.

Realty Income Price Performance

Realty Income stock opened at $55.64 on Wednesday. Realty Income Co. has a 12-month low of $50.65 and a 12-month 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 50-day moving average price of $55.65 and a 200-day moving average price of $57.38. The firm has a market capitalization of $49.60 billion, a PE ratio of 52.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last announced 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is an increase 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 (DPR) is 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.