SageView Advisory Group LLC Invests $559,000 in Realty Income Co. (NYSE:O)

SageView Advisory Group LLC acquired a new stake in Realty Income Co. (NYSE:OFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,123 shares of the real estate investment trust’s stock, valued at approximately $559,000.

Several other large investors have also bought and sold shares of O. US Bancorp DE boosted its stake in shares of Realty Income by 4.9% during the 4th quarter. US Bancorp DE now owns 120,080 shares of the real estate investment trust’s stock worth $6,895,000 after acquiring an additional 5,571 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Realty Income by 9.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 468,460 shares of the real estate investment trust’s stock valued at $26,899,000 after buying an additional 38,938 shares in the last quarter. Balboa Wealth Partners boosted its holdings in shares of Realty Income by 67.3% in the fourth quarter. Balboa Wealth Partners now owns 12,210 shares of the real estate investment trust’s stock worth $701,000 after buying an additional 4,910 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Realty Income by 316.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,461 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Tidemark LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at approximately $111,000. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on O shares. Scotiabank lifted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BMO Capital Markets assumed coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.38.

Check Out Our Latest Stock Analysis on O

Realty Income Trading Down 0.2 %

Shares of O opened at $52.18 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market cap of $45.44 billion, a PE ratio of 48.31, a PEG ratio of 4.56 and a beta of 0.92. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The stock has a 50 day simple moving average of $53.48 and a 200-day simple moving average of $54.20.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The firm’s revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.2625 per share. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, June 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 285.19%.

Realty Income Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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