LongView Wealth Management Buys 9,878 Shares of Realty Income Co. (NYSE:O)

LongView Wealth Management boosted its position in Realty Income Co. (NYSE:O) by 39.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,188 shares of the real estate investment trust’s stock after acquiring an additional 9,878 shares during the quarter. LongView Wealth Management’s holdings in Realty Income were worth $1,879,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in O. Atlanta Consulting Group Advisors LLC bought a new position in Realty Income in the 3rd quarter valued at about $896,000. Code Waechter LLC bought a new position in shares of Realty Income during the third quarter valued at about $1,308,000. Charles Schwab Investment Management Inc. boosted its holdings in Realty Income by 5.0% during the third 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 last quarter. Swiss National Bank grew its position in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after buying an additional 74,185 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Realty Income stock opened at $54.62 on Friday. The firm has a fifty day simple moving average of $54.97 and a two-hundred day simple moving average of $58.31. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a market capitalization of $47.80 billion, a PE ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00. 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 (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is presently 301.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Barclays initiated coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Royal Bank of Canada dropped their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Twelve 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, Realty Income has an average rating of “Hold” and a consensus price target of $62.12.

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.