Tyche Wealth Partners LLC Makes New Investment in Realty Income Co. (NYSE:O)

Tyche Wealth Partners LLC acquired a new position in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,183 shares of the real estate investment trust’s stock, valued at approximately $298,000.

Other hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $25,000. Manchester Capital Management LLC boosted its holdings in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Baystate Wealth Management LLC boosted its holdings in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in Realty Income during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $51.27 on Thursday. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The business has a 50-day moving average of $52.51 and a 200-day moving average of $53.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $44.15 billion, a price-to-earnings ratio of 40.69, a PEG ratio of 5.27 and a beta of 0.92.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.00 EPS. Realty Income’s quarterly revenue was up 21.1% on a year-over-year basis. On average, equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is 244.45%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on O shares. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Mizuho lowered their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income 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.