Realty Income Co. (NYSE:O) Shares Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,904 shares of the real estate investment trust’s stock after acquiring an additional 372 shares during the period. Modera Wealth Management LLC’s holdings in Realty Income were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in shares of Realty Income in the fourth quarter worth approximately $32,000. BankPlus Trust Department acquired a new position in Realty Income in the 4th quarter valued at $37,000. ST Germain D J Co. Inc. lifted its holdings in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in Realty Income during the 4th quarter worth $40,000. Finally, Independence Bank of Kentucky grew its holdings in shares of Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.7 %

Realty Income stock opened at $58.16 on Thursday. The company has a market capitalization of $51.85 billion, a PE ratio of 55.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a 50 day moving average price of $54.53 and a 200 day moving average price of $57.89.

Realty Income (NYSE:O) last issued 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.268 dividend. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

Analysts Set New Price Targets

O has been the topic of several research reports. Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $62.04.

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.