Northstar Advisory Group LLC Takes $201,000 Position in Realty Income Co. (NYSE:O)

Northstar Advisory Group LLC acquired a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,500 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other hedge funds also recently bought and sold shares of the company. Portside Wealth Group LLC purchased a new position in Realty Income in the second quarter worth approximately $695,000. Dynamic Advisor Solutions LLC raised its position in Realty Income by 6.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 403 shares during the last quarter. LexAurum Advisors LLC purchased a new stake in Realty Income in the 4th quarter valued at $203,000. Vest Financial LLC increased its stake in Realty Income by 50.3% in the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after buying an additional 180,974 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Realty Income by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust’s stock valued at $357,228,000 after buying an additional 407,538 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on O. Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Wednesday, December 13th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $60.96.

Realty Income Trading Up 0.8 %

NYSE O opened at $53.96 on Thursday. The stock has a 50-day simple moving average of $53.22 and a 200 day simple moving average of $53.32. The company has a market capitalization of $46.47 billion, a PE ratio of 42.67, a P/E/G ratio of 5.46 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share. Research analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

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

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.