Keyes Stange & Wooten Wealth Management LLC Buys Shares of 5,288 Realty Income Co. (NYSE:O)

Keyes Stange & Wooten Wealth Management LLC purchased a new position in shares of Realty Income Co. (NYSE:O) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,288 shares of the real estate investment trust’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Vanguard Group Inc. grew its holdings in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Norges Bank purchased a new position in Realty Income in the fourth quarter valued at $624,666,000. Raymond James Financial Inc. purchased a new stake in Realty Income during the 4th quarter worth about $553,572,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Realty Income by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock worth $533,529,000 after acquiring an additional 260,071 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on O. Mizuho increased their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Finally, Barclays boosted their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.42.

Realty Income Stock Up 1.8 %

Realty Income stock opened at $55.14 on Friday. The firm has a market capitalization of $49.17 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. 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 Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock’s fifty day moving average is $55.87 and its two-hundred day moving average is $56.70.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). The company 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%. Analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. 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.