Trueblood Wealth Management LLC Purchases 296 Shares of Realty Income Co. (NYSE:O)

Trueblood Wealth Management LLC lifted its position in Realty Income Co. (NYSE:O) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,780 shares of the real estate investment trust’s stock after purchasing an additional 296 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Realty Income were worth $416,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Liberty One Investment Management LLC lifted its position in Realty Income by 8.6% in the fourth quarter. Liberty One Investment Management LLC now owns 77,493 shares of the real estate investment trust’s stock valued at $4,139,000 after purchasing an additional 6,130 shares during the last quarter. Romano Brothers AND Company lifted its holdings in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 200 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $246,000. Bowman & Co S.C. purchased a new stake in shares of Realty Income in the 4th quarter worth about $1,180,000. Finally, HB Wealth Management LLC increased its stake in shares of Realty Income by 54.9% during the fourth quarter. HB Wealth Management LLC now owns 16,083 shares of the real estate investment trust’s stock valued at $857,000 after purchasing an additional 5,701 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

NYSE:O opened at $54.62 on Monday. 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 firm has a market cap 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 firm’s fifty day moving average price is $54.92 and its 200 day moving average price is $58.37. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results 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 company had revenue of $1.33 billion for 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, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on O. Stifel Nicolaus lowered their price objective 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 initiated coverage on shares of Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target on the stock. UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 target price (up 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.12.

Realty Income Company 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.