Coastwise Capital Group LLC Purchases 736 Shares of Realty Income Co. (NYSE:O)

Coastwise Capital Group LLC lifted its holdings in Realty Income Co. (NYSE:O) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,036 shares of the real estate investment trust’s stock after buying an additional 736 shares during the period. Coastwise Capital Group LLC’s holdings in Realty Income were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Rosenberg Matthew Hamilton grew its stake in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the period. Creative Capital Management Investments LLC boosted its stake in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the 4th quarter valued at approximately $40,000. ST Germain D J Co. Inc. increased its stake in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Pacifica Partners Inc. raised its holdings in shares of Realty Income by 89.2% in the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 437 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on O. Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Up 0.5 %

Shares of O opened at $54.31 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm has a market cap of $47.53 billion, a P/E ratio of 51.73, a P/E/G ratio of 1.94 and a beta of 1.00. The stock has a 50 day simple moving average of $54.50 and a two-hundred day simple moving average of $58.40. 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 (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. The company’s revenue was up 28.1% compared to the same quarter last year. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

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.