Wealthcare Advisory Partners LLC Raises Stock Position in Realty Income Co. (NYSE:O)

Wealthcare Advisory Partners LLC raised its stake in shares of Realty Income Co. (NYSE:O) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,203 shares of the real estate investment trust’s stock after purchasing an additional 3,414 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Realty Income were worth $1,079,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parnassus Investments LLC increased its position in shares of Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC grew its stake in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after acquiring an additional 242,786 shares in the last quarter. Legal & General Group Plc raised its holdings in Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after acquiring an additional 531,008 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares in the last quarter. Finally, APG Asset Management US Inc. boosted its holdings in shares of Realty Income by 3.1% during the 2nd quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after purchasing an additional 265,000 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

O stock opened at $54.62 on Monday. 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 capitalization of $47.80 billion, a P/E ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00. The business has a 50 day simple moving average of $54.92 and a 200-day simple moving average of $58.37. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company posted $1.02 earnings per share. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 301.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on O shares. Barclays assumed coverage on shares of Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price on the stock. UBS Group decreased 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. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.12.

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.