SRS Capital Advisors Inc. Purchases 467 Shares of Realty Income Co. (NYSE:O)

SRS Capital Advisors Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 23.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,479 shares of the real estate investment trust’s stock after purchasing an additional 467 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Realty Income were worth $132,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in Realty Income during the fourth quarter worth $32,000. BankPlus Trust Department bought a new stake in shares of Realty Income during the fourth quarter worth about $37,000. Luken Investment Analytics LLC acquired a new stake in shares of Realty Income in the 4th quarter worth about $40,000. ST Germain D J Co. Inc. lifted its position in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its stake in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on O. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Trading Up 0.7 %

Shares of O stock opened at $58.16 on Thursday. 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 $51.85 billion, a P/E ratio of 55.39, a PEG ratio of 2.10 and a beta of 1.00. The company has a 50 day moving average of $54.53 and a 200-day moving average of $57.89. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is 327.55%.

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.