Wealth Alliance Increases Stock Position in Realty Income Co. (NYSE:O)

Wealth Alliance boosted its stake in Realty Income Co. (NYSE:O) by 25.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,953 shares of the real estate investment trust’s stock after buying an additional 4,476 shares during the quarter. Wealth Alliance’s holdings in Realty Income were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings in shares of Realty Income by 100,285.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after buying an additional 8,615,530 shares during the last quarter. Norges Bank purchased a new stake in shares of Realty Income in the fourth quarter valued at about $316,245,000. Vanguard Group Inc. raised its holdings in shares of Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. Scharf Investments LLC purchased a new stake in shares of Realty Income in the third quarter valued at about $122,526,000. Finally, Morgan Stanley increased its stake in shares of Realty Income by 13.6% during the fourth quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after acquiring an additional 2,273,591 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Down 1.6 %

Shares of O opened at $50.81 on Wednesday. The firm’s 50-day moving average is $52.55 and its two-hundred day moving average is $53.34. The firm has a market capitalization of $43.75 billion, a P/E ratio of 40.33, a PEG ratio of 5.36 and a beta of 0.92. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is presently 244.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on O shares. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho dropped their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.96.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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.