New Age Alpha Advisors LLC Has $8.29 Million Stock Position in Realty Income Co. (NYSE:O)

New Age Alpha Advisors LLC lifted its stake in Realty Income Co. (NYSE:O) by 60,780.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,245 shares of the real estate investment trust’s stock after buying an additional 154,990 shares during the period. New Age Alpha Advisors LLC’s holdings in Realty Income were worth $8,292,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in Realty Income in the 4th quarter valued at $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Down 0.7 %

O stock opened at $56.18 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 2.10 and a beta of 1.00. The firm has a 50-day moving average of $55.75 and a two-hundred day moving average of $57.36. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 328.57%.

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.