Larson Financial Group LLC Boosts Stake in Realty Income Co. (NYSE:O)

Larson Financial Group LLC increased its holdings in shares of Realty Income Co. (NYSE:O) by 20.5% during the fourth quarter, HoldingsChannel reports. The firm owned 10,641 shares of the real estate investment trust’s stock after buying an additional 1,809 shares during the period. Larson Financial Group LLC’s holdings in Realty Income were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $32,000. BankPlus Trust Department bought a new position in Realty Income during the fourth quarter valued at approximately $37,000. Luken Investment Analytics LLC purchased a new stake in Realty Income in the fourth quarter worth approximately $40,000. ST Germain D J Co. Inc. grew its position in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the period. Finally, Independence Bank of Kentucky raised its stake in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 2.0 %

NYSE O opened at $58.48 on Monday. 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 stock has a market cap of $52.14 billion, a PE ratio of 55.70, a P/E/G ratio of 2.10 and a beta of 1.00. The stock’s 50 day moving average is $54.73 and its 200 day moving average is $57.83.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during 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%. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on O shares. Stifel Nicolaus cut their price target 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. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Scotiabank cut their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.04.

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.