Synergy Asset Management LLC Increases Stock Position in Realty Income Co. (NYSE:O)

Synergy Asset Management LLC raised its position in Realty Income Co. (NYSE:OFree Report) by 130.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,429 shares of the real estate investment trust’s stock after buying an additional 84,544 shares during the period. Synergy Asset Management LLC’s holdings in Realty Income were worth $8,562,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Swedbank AB lifted its holdings in Realty Income by 20.2% during the fourth quarter. Swedbank AB now owns 67,772 shares of the real estate investment trust’s stock valued at $3,620,000 after purchasing an additional 11,390 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Realty Income by 1.7% in the fourth quarter. Forsta AP Fonden now owns 198,900 shares of the real estate investment trust’s stock valued at $10,623,000 after acquiring an additional 3,300 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in Realty Income by 7.0% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 110,098 shares of the real estate investment trust’s stock valued at $6,014,000 after purchasing an additional 7,177 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Realty Income by 4.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 27,436 shares of the real estate investment trust’s stock worth $1,465,000 after purchasing an additional 1,176 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in shares of Realty Income by 503.5% during the fourth quarter. SteelPeak Wealth LLC now owns 90,995 shares of the real estate investment trust’s stock worth $4,860,000 after buying an additional 75,916 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on O shares. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Barclays started coverage on Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

Check Out Our Latest Stock Analysis on O

Realty Income Stock Performance

NYSE:O opened at $54.13 on Thursday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50 day moving average price of $54.62 and a 200 day moving average price of $58.46. The stock has a market capitalization of $47.38 billion, a P/E ratio of 51.55, a PEG ratio of 1.93 and a beta of 1.00.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is presently 301.91%.

Realty Income Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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