Bard Financial Services Inc. Has $4.29 Million Stock Holdings in Realty Income Co. (NYSE:O)

Bard Financial Services Inc. lessened its holdings in Realty Income Co. (NYSE:O) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,570 shares of the real estate investment trust’s stock after selling 3,315 shares during the period. Bard Financial Services Inc.’s holdings in Realty Income were worth $4,285,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in O. Lantz Financial LLC acquired a new position in Realty Income in the second quarter worth about $234,000. Wedmont Private Capital acquired a new stake in shares of Realty Income during the second quarter worth approximately $218,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Realty Income by 7.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust’s stock worth $7,341,000 after buying an additional 9,890 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Realty Income by 19.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust’s stock worth $3,667,000 after buying an additional 11,539 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its holdings in shares of Realty Income by 12.6% during the second quarter. Atticus Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on O shares. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday. They set a “hold” rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.54.

Realty Income Stock Up 0.1 %

Realty Income stock opened at $55.81 on Wednesday. The firm has a market capitalization of $48.85 billion, a PE ratio of 53.13, a P/E/G ratio of 3.95 and a beta of 0.98. The company’s 50-day moving average is $59.59 and its 200-day moving average is $58.30. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Sell-side analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. Realty Income’s payout ratio is 300.96%.

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.