FLC Capital Advisors Makes New Investment in Realty Income Co. (NYSE:O)

FLC Capital Advisors acquired a new position in Realty Income Co. (NYSE:O) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,823 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. raised its stake in shares of Realty Income by 2.8% in the 4th quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 160 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in shares of Realty Income by 1.4% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 13,182 shares of the real estate investment trust’s stock valued at $788,000 after acquiring an additional 183 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Realty Income by 13.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 185 shares during the last quarter. Vestcor Inc increased its position in shares of Realty Income by 0.4% in the second quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock valued at $2,877,000 after acquiring an additional 191 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of Realty Income by 5.2% in the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on O. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a report on Wednesday, December 6th. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Finally, Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Trading Up 0.6 %

NYSE O traded up $0.33 on Thursday, reaching $54.10. The company had a trading volume of 6,309,751 shares, compared to its average volume of 7,284,803. The firm has a market cap of $46.59 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 5.46 and a beta of 0.92. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The business has a 50 day moving average of $53.22 and a two-hundred day moving average of $53.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share. Analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.257 per share. The ex-dividend date is Friday, March 29th. This represents a yield of 6%. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. Realty Income’s dividend payout ratio is 244.45%.

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.