Modera Wealth Management LLC Raises Holdings in Realty Income Co. (NYSE:O)

Modera Wealth Management LLC grew its stake in Realty Income Co. (NYSE:O) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,904 shares of the real estate investment trust’s stock after buying an additional 372 shares during the quarter. Modera Wealth Management LLC’s holdings in Realty Income were worth $262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in O. SRS Capital Advisors Inc. lifted its stake in Realty Income by 23.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,479 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 467 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Realty Income by 39.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,011 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 856 shares in the last quarter. Prudent Man Advisors LLC lifted its position in shares of Realty Income by 25.7% during the 4th quarter. Prudent Man Advisors LLC now owns 7,808 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 1,597 shares during the last quarter. Sage Investment Counsel LLC acquired a new position in shares of Realty Income during the fourth quarter worth $896,000. Finally, SVB Wealth LLC acquired a new position in shares of Realty Income during the fourth quarter worth $873,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on O shares. Scotiabank decreased their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft started 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. Barclays increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday. 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 research report on Wednesday, January 8th. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Up 0.7 %

O opened at $58.16 on Thursday. The business has a 50 day moving average price of $54.53 and a two-hundred day moving average price of $57.89. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market cap of $51.85 billion, a PE ratio of 55.39, 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 issued its quarterly earnings results 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%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income’s payout ratio is 327.55%.

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.