Congress Wealth Management LLC DE Has $734,000 Stock Holdings in Realty Income Co. (NYSE:O)

Congress Wealth Management LLC DE raised its holdings in Realty Income Co. (NYSE:O) by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,750 shares of the real estate investment trust’s stock after acquiring an additional 282 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Realty Income were worth $734,000 as of its most recent SEC filing.

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

Realty Income Price Performance

Shares of NYSE O opened at $56.61 on Friday. 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 firm’s 50-day simple moving average is $55.79 and its 200 day simple moving average is $57.32. The stock has a market cap of $50.47 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on O shares. Mizuho dropped 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. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada reduced their price target 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. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average 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.