Vestmark Advisory Solutions Inc. Has $1.03 Million Stock Position in Realty Income Co. (NYSE:O)

Vestmark Advisory Solutions Inc. lowered its position in shares of Realty Income Co. (NYSE:O) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,314 shares of the real estate investment trust’s stock after selling 2,826 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Realty Income were worth $1,032,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in O. Farther Finance Advisors LLC boosted its position in Realty Income by 10.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,868 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 555 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of Realty Income by 2.3% in the third quarter. Concurrent Investment Advisors LLC now owns 21,276 shares of the real estate investment trust’s stock worth $1,349,000 after purchasing an additional 486 shares in the last quarter. Graypoint LLC boosted its holdings in shares of Realty Income by 9.8% during the third quarter. Graypoint LLC now owns 6,826 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. grew its position in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares in the last quarter. Finally, Dudley Capital Management LLC increased its stake in Realty Income by 13.8% in the 3rd quarter. Dudley Capital Management LLC now owns 6,504 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 790 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Barclays lifted their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.04.

Realty Income Price Performance

NYSE O opened at $58.48 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a fifty day simple moving average of $54.73 and a 200 day simple moving average of $57.87. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $52.14 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.10 and a beta of 1.00.

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

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 327.55%.

About Realty Income

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.