Salem Investment Counselors Inc. Boosts Stake in Realty Income Co. (NYSE:O)

Salem Investment Counselors Inc. boosted its position in Realty Income Co. (NYSE:O) by 66.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,680 shares of the real estate investment trust’s stock after purchasing an additional 670 shares during the period. Salem Investment Counselors Inc.’s holdings in Realty Income were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of O. ZWJ Investment Counsel Inc. boosted its position in Realty Income by 0.6% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 164 shares during the period. Whittier Trust Co. raised its stake in shares of Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 166 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares during the period. Grove Bank & Trust grew its stake in Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC increased its holdings in Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.4 %

Shares of O stock opened at $53.19 on Wednesday. The stock’s fifty day moving average price is $55.09 and its 200 day moving average price is $58.37. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 50.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. 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 posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 17.57% and a return on equity of 2.35%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. On average, research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. Realty Income’s dividend payout ratio (DPR) is presently 300.95%.

Analyst Upgrades and Downgrades

O has been the subject of several research reports. Barclays began coverage on Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price for the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. UBS Group dropped their price objective 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. Finally, Scotiabank boosted their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.50.

Realty Income 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.