Telos Capital Management Inc. Boosts Stock Position in Realty Income Co. (NYSE:O)

Telos Capital Management Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,840 shares of the real estate investment trust’s stock after purchasing an additional 4,836 shares during the period. Telos Capital Management Inc.’s holdings in Realty Income were worth $5,279,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont boosted its holdings in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income during the third quarter worth about $896,000. Code Waechter LLC purchased a new stake in Realty Income in the third quarter worth about $1,308,000. Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 5.0% in the third 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 buying an additional 463,286 shares during the period. Finally, Swiss National Bank lifted its holdings in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after buying an additional 35,100 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of O opened at $54.27 on Friday. The company has a market capitalization of $47.49 billion, a P/E ratio of 51.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $54.24 and a 200 day moving average of $58.34. 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 quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on O. Barclays lowered their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Scotiabank lowered their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.81.

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.