Proficio Capital Partners LLC Makes New Investment in Realty Income Co. (NYSE:O)

Proficio Capital Partners LLC bought a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, Holdings Channel reports. The firm bought 101,900 shares of the real estate investment trust’s stock, valued at approximately $5,442,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $32,000. BankPlus Trust Department bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $37,000. ST Germain D J Co. Inc. raised its stake 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 purchasing an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of Realty Income in the fourth quarter valued at $40,000. Finally, Independence Bank of Kentucky raised its stake in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Scotiabank cut their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Up 1.7 %

Shares of Realty Income stock opened at $56.79 on Monday. The business’s 50 day simple moving average is $55.11 and its 200 day simple moving average is $57.66. 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 $50.63 billion, a PE ratio of 54.09, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its 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). 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 analyst estimates of $1.28 billion. On average, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 327.55%.

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.