Vision Financial Markets LLC Takes $59,000 Position in Realty Income Co. (NYSE:O)

Vision Financial Markets LLC purchased a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,100 shares of the real estate investment trust’s stock, valued at approximately $59,000.

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $32,000. BankPlus Trust Department purchased a new position in shares of Realty Income in the fourth quarter valued at $37,000. ST Germain D J Co. Inc. increased its position in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in Realty Income during the 4th quarter worth about $40,000. Finally, Independence Bank of Kentucky increased its position in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $58.16 on Thursday. The business’s 50 day moving average is $54.53 and its two-hundred day moving average is $57.89. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market cap of $51.85 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s payout ratio is 327.55%.

Analysts Set New Price Targets

A number of research firms recently commented on O. UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays boosted their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.