Sandbox Financial Partners LLC Takes $223,000 Position in Realty Income Co. (NYSE:O)

Sandbox Financial Partners LLC bought a new position in Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,876 shares of the real estate investment trust’s stock, valued at approximately $223,000.

A number of other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its stake in Realty Income by 100,285.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock valued at $547,028,000 after acquiring an additional 8,615,530 shares during the last quarter. Norges Bank purchased a new stake in Realty Income in the fourth quarter worth $316,245,000. Vanguard Group Inc. lifted its position in shares of Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. BlackRock Inc. raised its stake in Realty Income by 4.3% in the 2nd quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock valued at $3,697,446,000 after acquiring an additional 2,523,432 shares during the period. Finally, State Street Corp boosted its position in Realty Income by 5.0% during the second quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock worth $3,100,637,000 after purchasing an additional 2,460,053 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 0.6 %

Shares of Realty Income stock traded up $0.32 on Friday, hitting $54.09. The stock had a trading volume of 6,316,955 shares, compared to its average volume of 6,409,523. The stock’s 50-day simple moving average is $53.15 and its two-hundred day simple moving average is $53.32. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market cap of $46.58 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 5.58 and a beta of 0.92.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate 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 net margin of 21.39% and a return on equity of 4.06%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. As a group, sell-side analysts predict 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 given a dividend of $0.257 per share. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. The ex-dividend date is Friday, March 29th. Realty Income’s payout ratio is presently 244.45%.

Wall Street Analyst Weigh In

Several research analysts recently commented on O shares. Stifel Nicolaus cut their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho decreased their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. BNP Paribas raised shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective for the company in a research note on Wednesday, December 13th. Finally, BMO Capital Markets initiated coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.96.

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.