Buckley Wealth Management LLC Has $519,000 Position in Realty Income Co. (NYSE:O)

Buckley Wealth Management LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,708 shares of the real estate investment trust’s stock after buying an additional 258 shares during the quarter. Buckley Wealth Management LLC’s holdings in Realty Income were worth $519,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Tcfg Wealth Management LLC grew its position in Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 186 shares during the period. Romano Brothers AND Company lifted its stake in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 200 shares during the period. Bay Rivers Group increased its holdings in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after acquiring an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 229 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on O. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Finally, Scotiabank lowered their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

O stock opened at $56.79 on Friday. The stock has a market capitalization of $50.63 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $55.11 and its 200 day simple moving average is $57.73. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 327.55%.

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.