Code Waechter LLC Acquires 358 Shares of Realty Income Co. (NYSE:O)

Code Waechter LLC increased its stake in Realty Income Co. (NYSE:O) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,982 shares of the real estate investment trust’s stock after purchasing an additional 358 shares during the period. Realty Income makes up approximately 1.0% of Code Waechter LLC’s portfolio, making the stock its 24th biggest holding. Code Waechter LLC’s holdings in Realty Income were worth $1,121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Realty Income during the second quarter valued at about $1,491,000. Quest Partners LLC boosted its holdings in Realty Income by 9,558.3% during the 2nd quarter. Quest Partners LLC now owns 2,318 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 2,294 shares during the period. Headlands Technologies LLC bought a new position in Realty Income during the 2nd quarter worth approximately $42,000. BOKF NA increased its stake in Realty Income by 107.3% in the 2nd quarter. BOKF NA now owns 11,513 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 5,959 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Realty Income by 12.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,344,643 shares of the real estate investment trust’s stock valued at $123,844,000 after purchasing an additional 257,821 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

NYSE O opened at $52.48 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 49.98, a PEG ratio of 2.05 and a beta of 1.00. The company’s 50 day moving average is $55.20 and its two-hundred day moving average is $58.37.

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 for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.02 EPS. The business’s revenue was up 28.1% on a year-over-year basis. As a group, research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.264 dividend. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, January 2nd. Realty Income’s payout ratio is currently 300.95%.

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays assumed coverage on Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target for the company. Royal Bank of Canada dropped their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.50.

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.