Wealthcare Advisory Partners LLC Grows Stock Holdings in Realty Income Co. (NYSE:O)

Wealthcare Advisory Partners LLC increased its holdings in Realty Income Co. (NYSE:O) by 20.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,203 shares of the real estate investment trust’s stock after purchasing an additional 3,414 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Realty Income were worth $1,079,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Raymond James & Associates raised its position in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after buying an additional 3,112,560 shares during the period. Janus Henderson Group PLC grew its position in Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock valued at $175,142,000 after acquiring an additional 2,675,266 shares during the period. Parnassus Investments LLC grew its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after acquiring an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can increased its stake in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after acquiring an additional 1,107,493 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE O opened at $54.62 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The business has a 50 day moving average price of $54.92 and a two-hundred day moving average price of $58.37. The firm has a market cap of $47.80 billion, a PE ratio of 52.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly 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 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 quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 EPS. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on O shares. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.