Level Four Advisory Services LLC Increases Stock Holdings in Realty Income Co. (NYSE:O)

Level Four Advisory Services LLC increased its holdings in Realty Income Co. (NYSE:O) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,623 shares of the real estate investment trust’s stock after buying an additional 502 shares during the period. Level Four Advisory Services LLC’s holdings in Realty Income were worth $4,039,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in O. Cerity Partners LLC increased its position in Realty Income by 60.0% during the third quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock worth $5,513,000 after buying an additional 32,600 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Realty Income by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust’s stock valued at $39,414,000 after acquiring an additional 18,804 shares during the last quarter. Townsquare Capital LLC increased its position in Realty Income by 7.1% during the 3rd quarter. Townsquare Capital LLC now owns 97,284 shares of the real estate investment trust’s stock worth $6,170,000 after purchasing an additional 6,454 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Realty Income by 4.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust’s stock valued at $1,293,000 after purchasing an additional 837 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in Realty Income by 71.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 29,529 shares of the real estate investment trust’s stock valued at $1,873,000 after purchasing an additional 12,351 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on O shares. Stifel Nicolaus lowered their price target 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. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Finally, Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Performance

NYSE O opened at $56.61 on Friday. The business’s 50-day simple moving average is $55.79 and its 200-day simple moving average is $57.32. The firm has a market capitalization of $50.47 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1-year low of $50.65 and a 1-year 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.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio is currently 328.57%.

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.