10,123 Shares in Realty Income Co. (NYSE:O) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC purchased a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,123 shares of the real estate investment trust’s stock, valued at approximately $559,000.

Several other institutional investors have also modified their holdings of the business. Slagle Financial LLC lifted its stake in shares of Realty Income by 87.2% in the fourth quarter. Slagle Financial LLC now owns 8,316 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 3,873 shares in the last quarter. Tucker Asset Management LLC raised its stake in Realty Income by 245.2% during the fourth quarter. Tucker Asset Management LLC now owns 1,643 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,167 shares in the last quarter. Fortis Group Advisors LLC raised its stake in Realty Income by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 950 shares in the last quarter. Vima LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $25,000. Finally, Scarborough Advisors LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on O shares. Mizuho upped their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank upped their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Stifel Nicolaus cut their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, UBS Group lowered their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Performance

Shares of O stock opened at $53.10 on Wednesday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm has a market capitalization of $46.24 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.94. The business has a 50 day simple moving average of $53.46 and a 200 day simple moving average of $54.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) 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 return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts anticipate that Realty Income Co. will post 4.18 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.263 dividend. This represents a yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. Realty Income’s dividend payout ratio is 291.67%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.