16,354 Shares in Realty Income Co. (NYSE:O) Acquired by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,354 shares of the real estate investment trust’s stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $32,000. BankPlus Trust Department acquired a new stake in Realty Income in the fourth quarter valued at approximately $37,000. ST Germain D J Co. Inc. grew its stake in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income during the fourth quarter worth $40,000. Finally, Independence Bank of Kentucky increased its holdings in shares of Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

O stock opened at $57.53 on Tuesday. 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 market cap of $51.29 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 2.10 and a beta of 1.00. The company’s fifty day simple moving average is $54.34 and its 200 day simple moving average is $57.90. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, 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 mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 327.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on O shares. Royal Bank of Canada cut their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Mizuho dropped 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. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Finally, Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.81.

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.