Perigon Wealth Management LLC Raises Stake in Realty Income Co. (NYSE:O)

Perigon Wealth Management LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 70.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,486 shares of the real estate investment trust’s stock after buying an additional 5,558 shares during the period. Perigon Wealth Management LLC’s holdings in Realty Income were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Compass Wealth Management LLC acquired a new position in shares of Realty Income during the fourth quarter worth $25,000. Manchester Capital Management LLC boosted its position in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $29,000. Finally, Operose Advisors LLC purchased a new stake in shares of Realty Income during the third quarter worth about $30,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets assumed coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $60.96.

Realty Income Trading Down 0.4 %

Shares of NYSE O opened at $52.02 on Monday. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 5.40 and a beta of 0.92. The stock’s 50 day simple moving average is $52.63 and its 200 day simple moving average is $53.32. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. Equities research analysts expect that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is presently 244.45%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.