Independent Advisor Alliance Grows Stake in Realty Income Co. (NYSE:O)

Independent Advisor Alliance raised its stake in shares of Realty Income Co. (NYSE:O) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,134 shares of the real estate investment trust’s stock after purchasing an additional 2,176 shares during the period. Independent Advisor Alliance’s holdings in Realty Income were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of O. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after buying an additional 166,178 shares during the period. Sowell Financial Services LLC increased its position in Realty Income by 80.0% during the fourth quarter. Sowell Financial Services LLC now owns 37,253 shares of the real estate investment trust’s stock valued at $1,990,000 after acquiring an additional 16,555 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Realty Income by 10.9% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 22,652 shares of the real estate investment trust’s stock valued at $1,210,000 after acquiring an additional 2,232 shares during the period. United Community Bank bought a new stake in shares of Realty Income in the 4th quarter worth about $43,000. Finally, Oak Harbor Wealth Partners LLC purchased a new position in shares of Realty Income during the 4th quarter worth about $1,136,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on O shares. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Barclays boosted their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Stifel Nicolaus cut their price objective 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. Finally, 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 target price for the company. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Stock Up 1.7 %

NYSE:O opened at $56.79 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a 50-day moving average of $55.11 and a 200 day moving average of $57.73. The firm has a market cap of $50.63 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

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

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 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.