N.E.W. Advisory Services LLC Has $818,000 Holdings in Realty Income Co. (NYSE:O)

N.E.W. Advisory Services LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,317 shares of the real estate investment trust’s stock after buying an additional 1,809 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Realty Income were worth $818,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of O. ZWJ Investment Counsel Inc. increased its position in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. grew its position in Realty Income by 4.5% in 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 during the period. Greenleaf Trust grew its position in 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 acquiring an additional 170 shares during the period. Grove Bank & Trust grew its position 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 valued at $89,000 after acquiring an additional 176 shares during the period. Finally, Buckley Wealth Management LLC grew its position in Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 176 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.6 %

Shares of O opened at $54.64 on Friday. 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 12-month low of $50.65 and a 12-month high of $64.88. The firm has a market capitalization of $47.82 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The stock’s fifty day simple moving average is $54.50 and its 200-day simple moving average is $58.40.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $1.02 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on O. Barclays began coverage on Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. 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 Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Stifel Nicolaus reduced 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. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.