Commonwealth Equity Services LLC Buys 13,030 Shares of Realty Income Co. (NYSE:O)

Commonwealth Equity Services LLC grew its stake in shares of Realty Income Co. (NYSE:O) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 637,932 shares of the real estate investment trust’s stock after buying an additional 13,030 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Realty Income were worth $34,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the fourth quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the fourth quarter valued at about $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the fourth quarter valued at about $37,000. Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the fourth quarter worth about $40,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Realty Income by 306.5% in the fourth 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 last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays raised 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. Scotiabank cut their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada cut their target price 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.04.

Realty Income Price Performance

O stock opened at $56.79 on Friday. The firm has a 50 day moving average price of $55.11 and a 200-day moving average price of $57.69. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market capitalization of $50.63 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its earnings results 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). 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 analysts’ expectations of $1.28 billion. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed 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 a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 327.55%.

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.