Powers Advisory Group LLC Increases Position in Realty Income Co. (NYSE:O)

Powers Advisory Group LLC lifted its position in shares of Realty Income Co. (NYSE:O) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,046 shares of the real estate investment trust’s stock after buying an additional 528 shares during the period. Powers Advisory Group LLC’s holdings in Realty Income were worth $577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its stake in Realty Income by 100,285.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock worth $547,028,000 after purchasing an additional 8,615,530 shares during the period. Norges Bank acquired a new position in Realty Income during the 4th quarter worth $316,245,000. Vanguard Group Inc. grew its holdings in 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 worth $5,537,019,000 after acquiring an additional 4,172,231 shares in the last quarter. BlackRock Inc. grew its holdings in Realty Income by 4.3% during the 2nd quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock worth $3,697,446,000 after acquiring an additional 2,523,432 shares in the last quarter. Finally, State Street Corp grew its holdings in Realty Income by 5.0% during the 2nd quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock worth $3,100,637,000 after acquiring an additional 2,460,053 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on O shares. Stifel Nicolaus reduced their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Mizuho dropped their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research report on Wednesday, December 6th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $60.96.

Realty Income Price Performance

Shares of Realty Income stock opened at $52.60 on Wednesday. The firm has a fifty day simple moving average of $53.34 and a 200-day simple moving average of $53.34. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock has a market capitalization of $45.29 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 5.42 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Realty Income’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Friday, March 29th. This represents a yield of 6%. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. Realty Income’s payout ratio is 244.45%.

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.