Signaturefd LLC Boosts Stake in Realty Income Co. (NYSE:O)

Signaturefd LLC grew its holdings in shares of Realty Income Co. (NYSE:O) by 81.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,246 shares of the real estate investment trust’s stock after buying an additional 8,200 shares during the period. Signaturefd LLC’s holdings in Realty Income were worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. International Assets Investment Management LLC boosted its holdings in Realty Income by 19.5% in the third quarter. International Assets Investment Management LLC now owns 5,824 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 951 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Realty Income by 49.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,972 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 1,965 shares in the last quarter. HB Wealth Management LLC grew its position in Realty Income by 43.4% during the 3rd quarter. HB Wealth Management LLC now owns 7,712 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 2,334 shares during the last quarter. Impact Partnership Wealth LLC increased its stake in Realty Income by 1,034.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,587 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,359 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in Realty Income by 19.1% in the third quarter. Founders Financial Securities LLC now owns 20,276 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 3,254 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Realty Income Stock Performance

Shares of NYSE O opened at $53.34 on Tuesday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 42.33, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $52.51 and a 200 day moving average of $53.43.

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

Realty Income Dividend Announcement

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

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.