Prestige Wealth Management Group LLC Acquires 827 Shares of Realty Income Co. (NYSE:O)

Prestige Wealth Management Group LLC lifted its stake in Realty Income Co. (NYSE:O) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,761 shares of the real estate investment trust’s stock after buying an additional 827 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Realty Income were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income in the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the fourth quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in Realty Income during the fourth quarter worth approximately $34,000. Finally, BankPlus Trust Department purchased a new stake in Realty Income during the fourth quarter valued at approximately $37,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $56.32 on Tuesday. The firm has a 50-day simple moving average of $55.60 and a 200-day simple moving average of $57.42. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $50.21 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.28 billion. On average, equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared 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 positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is 328.57%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on O shares. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income 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.