4,048 Shares in Realty Income Co. (NYSE:O) Acquired by Buffington Mohr McNeal

Buffington Mohr McNeal purchased a new position in Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,048 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. AQR Capital Management LLC boosted its stake in Realty Income by 23.1% in the second quarter. AQR Capital Management LLC now owns 264,829 shares of the real estate investment trust’s stock valued at $13,835,000 after acquiring an additional 49,629 shares in the last quarter. APG Asset Management N.V. raised its position in Realty Income by 220.5% in the 2nd quarter. APG Asset Management N.V. now owns 105,968 shares of the real estate investment trust’s stock valued at $5,223,000 after purchasing an additional 72,900 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Realty Income by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 602,672 shares of the real estate investment trust’s stock worth $31,833,000 after purchasing an additional 11,448 shares during the period. Mackenzie Financial Corp grew its position in Realty Income by 5.5% during the 2nd quarter. Mackenzie Financial Corp now owns 97,156 shares of the real estate investment trust’s stock worth $5,132,000 after purchasing an additional 5,090 shares during the last quarter. Finally, Creative Planning increased its stake in Realty Income by 24.0% in the second quarter. Creative Planning now owns 259,481 shares of the real estate investment trust’s stock valued at $13,706,000 after purchasing an additional 50,169 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on O shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays started coverage on shares of Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price for the company. Finally, UBS Group lowered their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Up 3.1 %

O opened at $56.03 on Tuesday. The business’s fifty day simple moving average is $54.68 and its 200 day simple moving average is $58.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $49.03 billion, a P/E ratio of 53.36, a PEG ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business 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 business posted $1.02 earnings per share. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

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.