Realty Income Co. (NYSE:O) Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its holdings in Realty Income Co. (NYSE:O) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,143 shares of the real estate investment trust’s stock after acquiring an additional 2,682 shares during the period. Arkadios Wealth Advisors’ holdings in Realty Income were worth $1,236,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. LongView Wealth Management lifted its position in Realty Income by 39.0% in the fourth quarter. LongView Wealth Management now owns 35,188 shares of the real estate investment trust’s stock valued at $1,879,000 after buying an additional 9,878 shares during the last quarter. Walker Asset Management LLC raised its stake in shares of Realty Income by 4.8% in the 4th quarter. Walker Asset Management LLC now owns 6,045 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 278 shares during the period. Saxon Interests Inc. acquired a new position in shares of Realty Income in the 4th quarter worth approximately $570,000. Wealthcare Advisory Partners LLC boosted its position in shares of Realty Income by 20.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,203 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 3,414 shares during the period. Finally, Channel Wealth LLC increased its holdings in Realty Income by 30.5% in the 4th quarter. Channel Wealth LLC now owns 6,580 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 1,538 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.1 %

Shares of NYSE O opened at $54.62 on Monday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a market capitalization of $47.80 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50-day moving average of $54.92 and a two-hundred day moving average of $58.37.

Realty Income (NYSE:O) last announced 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 net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on O shares. Barclays began coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target on the stock. Scotiabank lowered their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $62.12.

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.