Nations Financial Group Inc. IA ADV Buys 6,965 Shares of Realty Income Co. (NYSE:O)

Nations Financial Group Inc. IA ADV raised its stake in shares of Realty Income Co. (NYSE:O) by 54.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,751 shares of the real estate investment trust’s stock after purchasing an additional 6,965 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Realty Income were worth $1,134,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. American National Bank bought a new stake in Realty Income in the fourth quarter valued at about $25,000. Baystate Wealth Management LLC increased its stake 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 period. CVA Family Office LLC bought a new stake in Realty Income in the fourth quarter valued at about $29,000. Manchester Capital Management LLC increased its stake in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in Realty Income in the fourth quarter valued at about $32,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.2 %

O stock traded down $0.13 during trading hours on Friday, reaching $52.18. 4,660,522 shares of the stock were exchanged, compared to its average volume of 5,748,535. The firm’s 50-day moving average is $53.48 and its 200-day moving average is $54.18. The company has a market cap of $45.44 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 4.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick 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 released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. On average, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Stifel Nicolaus reduced their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Mizuho increased their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $61.38.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

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.