Blackhawk Capital Partners LLC. Acquires 9,056 Shares of Realty Income Co. (NYSE:O)

Blackhawk Capital Partners LLC. boosted its stake in shares of Realty Income Co. (NYSE:O) by 23.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,449 shares of the real estate investment trust’s stock after purchasing an additional 9,056 shares during the period. Realty Income comprises approximately 1.3% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 21st biggest holding. Blackhawk Capital Partners LLC.’s holdings in Realty Income were worth $2,534,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares during the period. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter worth about $32,000. Creative Capital Management Investments LLC raised its stake in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in Realty Income during the fourth quarter valued at about $37,000. Finally, ST Germain D J Co. Inc. lifted its holdings in Realty Income by 306.5% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $57.28 on Tuesday. The stock’s 50-day simple moving average is $53.97 and its two-hundred day simple moving average is $58.03. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The firm has a market capitalization of $50.13 billion, a P/E ratio of 54.55, a P/E/G ratio of 2.10 and a beta of 1.00. 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 (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s payout ratio is currently 305.71%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on O. Scotiabank lowered their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Mizuho reduced their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.21.

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.