3,662 Shares in Realty Income Co. (NYSE:O) Acquired by ProVise Management Group LLC

ProVise Management Group LLC bought a new stake in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,662 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. SVB Wealth LLC boosted its holdings in shares of Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 2,677 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Realty Income by 82.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares in the last quarter. LexAurum Advisors LLC bought a new position in Realty Income during the 4th quarter valued at $203,000. Vest Financial LLC increased its position in shares of Realty Income by 50.3% during the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after purchasing an additional 180,974 shares during the period. Finally, Sowell Financial Services LLC raised its stake in shares of Realty Income by 21.0% in the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 3,681 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.2 %

Shares of O stock traded down $0.13 on Friday, reaching $52.18. 4,660,522 shares of the company’s stock traded hands, compared to its average volume of 5,748,535. The business’s 50 day moving average price is $53.48 and its two-hundred day moving average price is $54.18. The company has a market capitalization of $45.44 billion, a P/E ratio of 48.31, a price-to-earnings-growth ratio of 4.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.2625 per share. This is a boost from Realty Income’s previous jun 24 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, June 3rd. Realty Income’s payout ratio is currently 285.19%.

Analyst Ratings Changes

O has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Scotiabank boosted their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, 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 objective for the company. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.38.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’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 directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.