Simplicity Solutions LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Simplicity Solutions LLC raised its holdings in Realty Income Co. (NYSE:O) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,021 shares of the real estate investment trust’s stock after purchasing an additional 2,657 shares during the period. Simplicity Solutions LLC’s holdings in Realty Income were worth $1,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Compass Wealth Management LLC acquired a new stake in Realty Income in the 4th quarter worth about $25,000. Baystate Wealth Management LLC lifted its position in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income in the fourth quarter worth approximately $29,000. Manchester Capital Management LLC increased its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its stake in Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 429 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.7 %

NYSE O opened at $51.66 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $44.48 billion, a P/E ratio of 41.00, a PEG ratio of 5.40 and a beta of 0.92. The firm’s 50-day moving average is $52.61 and its two-hundred day moving average is $53.34. 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 results 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $1.00 earnings per share. Realty Income’s revenue was up 21.1% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The company 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. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is presently 244.45%.

Realty Income Company 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.