Assetmark Inc. Purchases 8,127 Shares of Realty Income Co. (NYSE:O)

Assetmark Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,929 shares of the real estate investment trust’s stock after purchasing an additional 8,127 shares during the period. Assetmark Inc.’s holdings in Realty Income were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in O. CWA Asset Management Group LLC bought a new position in shares of Realty Income during the third quarter worth approximately $517,000. Verdence Capital Advisors LLC grew its position in Realty Income by 8.9% during the third quarter. Verdence Capital Advisors LLC now owns 22,564 shares of the real estate investment trust’s stock worth $1,431,000 after buying an additional 1,841 shares in the last quarter. Essex Savings Bank grew its position in Realty Income by 12.0% during the third quarter. Essex Savings Bank now owns 7,818 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 838 shares in the last quarter. Atria Investments Inc grew its position in Realty Income by 0.6% during the third quarter. Atria Investments Inc now owns 73,834 shares of the real estate investment trust’s stock worth $4,683,000 after buying an additional 450 shares in the last quarter. Finally, XML Financial LLC grew its position in Realty Income by 58.0% during the third quarter. XML Financial LLC now owns 8,056 shares of the real estate investment trust’s stock worth $511,000 after buying an additional 2,956 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on O. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Stifel Nicolaus reduced their price target 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. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Up 2.0 %

Shares of O opened at $58.48 on Monday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The stock has a market capitalization of $52.14 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 2.10 and a beta of 1.00. 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 stock has a fifty day moving average of $54.73 and a 200-day moving average of $57.83.

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

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.268 per share. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is currently 327.55%.

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.