Virginia Wealth Management Group Inc. Grows Stock Position in Realty Income Co. (NYSE:O)

Virginia Wealth Management Group Inc. increased its position in shares of Realty Income Co. (NYSE:O) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,690 shares of the real estate investment trust’s stock after purchasing an additional 1,055 shares during the quarter. Virginia Wealth Management Group Inc.’s holdings in Realty Income were worth $2,707,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in O. Groesbeck Investment Management Corp NJ purchased a new stake in Realty Income during the 4th quarter valued at about $524,000. Hager Investment Management Services LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $586,000. Retirement Systems of Alabama grew its position in shares of Realty Income by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 693,129 shares of the real estate investment trust’s stock valued at $37,020,000 after purchasing an additional 2,134 shares in the last quarter. Patron Partners LLC increased its holdings in shares of Realty Income by 10.5% in the fourth quarter. Patron Partners LLC now owns 10,573 shares of the real estate investment trust’s stock valued at $565,000 after purchasing an additional 1,009 shares during the last quarter. Finally, Dupree Financial Group LLC lifted its position in Realty Income by 2.6% during the fourth quarter. Dupree Financial Group LLC now owns 96,302 shares of the real estate investment trust’s stock worth $5,143,000 after buying an additional 2,453 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O opened at $54.08 on Wednesday. The company has a market capitalization of $47.33 billion, a price-to-earnings ratio of 51.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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 stock has a 50 day moving average price of $54.39 and a 200 day moving average price of $58.39.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The business’s revenue was up 28.1% on a year-over-year basis. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Wall Street Analysts Forecast Growth

O has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus reduced their target price 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. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Mizuho reduced their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.81.

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.