Smith Moore & CO. Has $237,000 Holdings in Realty Income Co. (NYSE:O)

Smith Moore & CO. grew its position in shares of Realty Income Co. (NYSE:O) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,432 shares of the real estate investment trust’s stock after purchasing an additional 201 shares during the quarter. Smith Moore & CO.’s holdings in Realty Income were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Realty Income during the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new position in shares of Realty Income during the 4th quarter valued at $34,000. Finally, BankPlus Trust Department bought a new position in Realty Income during the fourth quarter worth $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $55.11 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $56.03 and a 200-day moving average of $57.05. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market cap of $49.15 billion, a P/E ratio of 52.49, a P/E/G ratio of 2.10 and a beta of 1.00.

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). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is 328.57%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on O. Mizuho upped their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Scotiabank reduced their price target on shares of 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. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.42.

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.