HighTower Advisors LLC Increases Stake in Realty Income Co. (NYSE:O)

HighTower Advisors LLC increased its holdings in shares of Realty Income Co. (NYSE:O) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,420 shares of the real estate investment trust’s stock after buying an additional 6,507 shares during the period. HighTower Advisors LLC’s holdings in Realty Income were worth $20,318,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Realty Income during the 4th quarter worth approximately $32,000. BankPlus Trust Department acquired a new position in Realty Income during the 4th quarter worth approximately $37,000. ST Germain D J Co. Inc. grew its holdings in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in Realty Income during the 4th quarter worth approximately $40,000. Finally, United Community Bank acquired a new position in shares of Realty Income in the 4th quarter valued at $43,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 1.7 %

O stock opened at $56.79 on Friday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The stock has a market capitalization of $50.63 billion, a PE ratio of 54.09, 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. The company has a fifty day moving average of $55.11 and a 200-day moving average of $57.69.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS 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%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 327.55%.

Analyst Ratings Changes

Several brokerages have recently issued reports on O. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price 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.