Kovack Advisors Inc. Acquires Shares of 15,271 Realty Income Co. (NYSE:O)

Kovack Advisors Inc. acquired a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,271 shares of the real estate investment trust’s stock, valued at approximately $877,000.

Several other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its stake in shares of Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake in shares of Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Realty Income in the 4th quarter valued at $29,000. Finally, Operose Advisors LLC bought a new position in shares of Realty Income in the 3rd quarter valued at $30,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of Realty Income stock opened at $53.71 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $52.65 and a two-hundred day moving average price of $53.50. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a market cap of $46.25 billion, a P/E ratio of 42.63, a PEG ratio of 5.57 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. As a group, analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

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

Analyst Ratings Changes

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

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Realty Income 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.