Arete Wealth Advisors LLC Grows Position in Realty Income Co. (NYSE:O)

Arete Wealth Advisors LLC lifted its holdings in shares of Realty Income Co. (NYSE:O) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,233 shares of the real estate investment trust’s stock after purchasing an additional 1,002 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Realty Income were worth $385,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Centiva Capital LP bought a new position in Realty Income in the third quarter valued at $406,000. Integrated Wealth Concepts LLC increased its position in shares of Realty Income by 2.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock valued at $2,545,000 after purchasing an additional 923 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Realty Income by 2.5% during the third quarter. Royal London Asset Management Ltd. now owns 352,925 shares of the real estate investment trust’s stock valued at $22,290,000 after acquiring an additional 8,688 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Realty Income by 27.8% in the 3rd quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust’s stock valued at $3,950,000 after purchasing an additional 13,553 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Realty Income by 1.7% during the 3rd quarter. Stifel Financial Corp now owns 1,183,181 shares of the real estate investment trust’s stock valued at $75,039,000 after purchasing an additional 20,249 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on O shares. Scotiabank cut 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. Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas cut 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. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $62.42.

Realty Income Trading Down 3.4 %

NYSE:O opened at $55.11 on Friday. The company has a 50-day moving average price of $56.03 and a 200-day moving average price of $57.08. The stock has a market cap of $49.15 billion, a price-to-earnings ratio of 52.49, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Realty Income 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.