Family Legacy Inc. Buys 380 Shares of Realty Income Co. (NYSE:O)

Family Legacy Inc. raised its position in Realty Income Co. (NYSE:O) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,986 shares of the real estate investment trust’s stock after buying an additional 380 shares during the period. Family Legacy Inc.’s holdings in Realty Income were worth $524,000 as of its most recent filing with the SEC.

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

Realty Income Stock Performance

Shares of O opened at $56.61 on Monday. The firm has a market cap of $50.47 billion, a P/E ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The firm’s 50 day moving average price is $55.79 and its two-hundred day moving average price is $57.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. 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. Realty Income’s dividend payout ratio is presently 328.57%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. 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. Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.