Riggs Capital Management LLC Buys Shares of 10,796 Realty Income Co. (NYSE:O)

Riggs Capital Management LLC purchased a new position in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,796 shares of the real estate investment trust’s stock, valued at approximately $577,000.

A number of other institutional investors have also made changes to their positions in the business. Summit Financial LLC raised its holdings in Realty Income by 259.8% during the fourth quarter. Summit Financial LLC now owns 33,811 shares of the real estate investment trust’s stock worth $1,806,000 after acquiring an additional 24,413 shares in the last quarter. Goepper Burkhardt LLC increased its position in shares of Realty Income by 0.8% during the 4th quarter. Goepper Burkhardt LLC now owns 36,765 shares of the real estate investment trust’s stock worth $1,964,000 after purchasing an additional 288 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Realty Income by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust’s stock worth $9,881,000 after purchasing an additional 487 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Realty Income by 4.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 27,042 shares of the real estate investment trust’s stock valued at $1,420,000 after buying an additional 1,232 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after buying an additional 811,037 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.8 %

Shares of O stock opened at $56.61 on Monday. The stock has a 50 day simple moving average of $55.79 and a 200 day simple moving average of $57.24. Realty Income Co. has a 1 year low of $50.65 and a 1 year 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 stock has a market cap of $50.47 billion, a P/E ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, 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. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on O shares. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Barclays lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Company 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.