Prosperitas Financial LLC Makes New Investment in Realty Income Co. (NYSE:O)

Prosperitas Financial LLC purchased a new position in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,946 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. MONECO Advisors LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at $310,000. Strategic Blueprint LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at $204,000. Fidelis Capital Partners LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at $213,000. Trajan Wealth LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at $241,000. Finally, First Trust Direct Indexing L.P. increased its stake in shares of Realty Income by 8.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 33,161 shares of the real estate investment trust’s stock valued at $2,103,000 after acquiring an additional 2,529 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O opened at $56.59 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $49.52 billion, a price-to-earnings ratio of 53.89, a P/E/G ratio of 2.10 and a beta of 1.00. The firm’s fifty day moving average price is $54.16 and its two-hundred day moving average price is $57.97. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

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

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.268 dividend. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s payout ratio is 327.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on O shares. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday. Barclays lowered their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. UBS Group lowered their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $61.96.

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.