Sound Income Strategies LLC Has $14.39 Million Holdings in Realty Income Co. (NYSE:O)

Sound Income Strategies LLC increased its position in shares of Realty Income Co. (NYSE:O) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 269,481 shares of the real estate investment trust’s stock after buying an additional 22,842 shares during the quarter. Sound Income Strategies LLC’s holdings in Realty Income were worth $14,393,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont raised its holdings in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in Realty Income in the 3rd quarter valued at about $896,000. Code Waechter LLC acquired a new stake in Realty Income during the 3rd quarter worth approximately $1,308,000. Charles Schwab Investment Management Inc. boosted its position in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after acquiring an additional 463,286 shares during the period. Finally, Swiss National Bank boosted its holdings in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after purchasing an additional 35,100 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $54.17 on Friday. The company has a market capitalization of $47.41 billion, a price-to-earnings ratio of 51.59, a PEG ratio of 1.93 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 has a 50 day moving average of $54.76 and a 200 day moving average of $58.41. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. As a group, sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on O shares. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Scotiabank reduced their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.12.

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.