Sound Financial Strategies Group LLC Increases Stock Position in Realty Income Co. (NYSE:O)

Sound Financial Strategies Group LLC lifted its holdings in Realty Income Co. (NYSE:O) by 55.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,276 shares of the real estate investment trust’s stock after purchasing an additional 5,435 shares during the period. Sound Financial Strategies Group LLC’s holdings in Realty Income were worth $816,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in O. Proficio Capital Partners LLC bought a new stake in Realty Income during the 4th quarter worth approximately $5,442,000. M&T Bank Corp raised its position in shares of Realty Income by 4.1% during the fourth quarter. M&T Bank Corp now owns 128,029 shares of the real estate investment trust’s stock valued at $6,839,000 after buying an additional 5,060 shares during the last quarter. Assetmark Inc. raised its position in shares of Realty Income by 14.6% during the fourth quarter. Assetmark Inc. now owns 63,929 shares of the real estate investment trust’s stock valued at $3,414,000 after buying an additional 8,127 shares during the last quarter. Exencial Wealth Advisors LLC raised its position in shares of Realty Income by 9.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 328 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Realty Income by 46.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 36,220 shares of the real estate investment trust’s stock valued at $1,910,000 after buying an additional 11,533 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.4 %

NYSE:O opened at $57.80 on Wednesday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a 50-day moving average of $54.43 and a 200 day moving average of $57.89. The firm has a market cap of $51.53 billion, a PE ratio of 55.05, 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 current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly 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). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research 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. Investors of record on Monday, March 3rd will be given a $0.268 dividend. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday. Mizuho cut 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.04.

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.