First Trust Advisors LP Acquires 166,575 Shares of Realty Income Co. (NYSE:O)

First Trust Advisors LP grew its holdings in Realty Income Co. (NYSE:O) by 84.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 363,921 shares of the real estate investment trust’s stock after purchasing an additional 166,575 shares during the period. First Trust Advisors LP’s holdings in Realty Income were worth $19,437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of O. Tcfg Wealth Management LLC increased its holdings in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares in the last quarter. Romano Brothers AND Company increased its holdings in Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 200 shares in the last quarter. Bay Rivers Group raised its position in Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 200 shares during the last quarter. Smith Moore & CO. boosted its stake in shares of Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 218 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 0.4 %

Realty Income stock opened at $56.89 on Friday. 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 company has a market capitalization of $50.74 billion, a PE ratio of 54.19, a PEG ratio of 2.10 and a beta of 0.79. The firm’s fifty day moving average is $56.50 and its 200 day moving average is $56.37. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88.

Realty Income (NYSE:O) last issued its 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s payout ratio is 328.57%.

Analysts Set New Price Targets

O has been the topic of several recent research reports. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Barclays restated an “overweight” rating on shares of Realty Income in a report on Tuesday. Scotiabank cut their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $62.35.

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.