Modern Wealth Management LLC Buys 2,316 Shares of Realty Income Co. (NYSE:O)

Modern Wealth Management LLC lifted its stake in shares of Realty Income Co. (NYSE:O) by 19.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,366 shares of the real estate investment trust’s stock after buying an additional 2,316 shares during the quarter. Modern Wealth Management LLC’s holdings in Realty Income were worth $775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of O. Raymond James Financial Inc. acquired a new position in Realty Income in the 4th quarter valued at $553,572,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after acquiring an additional 6,673,617 shares during the period. Janus Henderson Group PLC increased its position in Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after acquiring an additional 2,675,266 shares during the period. Vanguard Group Inc. increased its position in Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after acquiring an additional 555,908 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Realty Income in the 4th quarter valued at about $15,943,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $56.57 on Thursday. The company’s 50 day moving average price is $55.72 and its two-hundred day moving average price is $57.37. The firm has a market capitalization of $50.43 billion, a P/E ratio of 53.87, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on O. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.04.

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.