OneAscent Financial Services LLC Takes Position in Realty Income Co. (NYSE:O)

OneAscent Financial Services LLC acquired a new position in Realty Income Co. (NYSE:O) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,749 shares of the real estate investment trust’s stock, valued at approximately $254,000.

Other hedge funds have also recently bought and sold shares of the company. Centiva Capital LP bought a new position in shares of Realty Income in the third quarter valued at approximately $406,000. HighTower Advisors LLC raised its holdings in Realty Income by 22.6% in the 3rd quarter. HighTower Advisors LLC now owns 373,913 shares of the real estate investment trust’s stock worth $23,713,000 after acquiring an additional 68,990 shares during the period. Integrated Wealth Concepts LLC lifted its position in Realty Income by 2.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock worth $2,545,000 after acquiring an additional 923 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Realty Income by 2.5% during the third quarter. Royal London Asset Management Ltd. now owns 352,925 shares of the real estate investment trust’s stock valued at $22,290,000 after acquiring an additional 8,688 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Realty Income by 27.8% in the third quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust’s stock valued at $3,950,000 after purchasing an additional 13,553 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Scotiabank cut their price objective on 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. Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Finally, Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Performance

NYSE:O opened at $55.11 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $56.03 and a 200 day moving average price of $57.12. The firm has a market capitalization of $49.15 billion, a PE ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

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

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s 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.