Flynn Zito Capital Management LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Flynn Zito Capital Management LLC lifted its stake in Realty Income Co. (NYSE:O) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,727 shares of the real estate investment trust’s stock after acquiring an additional 767 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Realty Income were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in O. Trust Co. of Vermont increased its position in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Realty Income in the 3rd quarter worth approximately $896,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares during the period. Asset Management One Co. Ltd. grew its position in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after buying an additional 101,184 shares during the period. Finally, Swiss National Bank increased its holdings in Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on O shares. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. 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. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank cut their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $61.96.

Realty Income Stock Down 0.3 %

O opened at $56.07 on Thursday. The company has a market capitalization of $49.07 billion, a PE ratio of 53.40, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm has a 50-day simple moving average of $54.07 and a two-hundred day simple moving average of $57.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last announced 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.268 dividend. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is currently 305.71%.

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.