Stonebrook Private Inc. Raises Stake in Realty Income Co. (NYSE:O)

Stonebrook Private Inc. raised its holdings in shares of Realty Income Co. (NYSE:O) by 975.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,386 shares of the real estate investment trust’s stock after purchasing an additional 32,095 shares during the quarter. Stonebrook Private Inc.’s holdings in Realty Income were worth $1,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in O. Tcfg Wealth Management LLC lifted its holdings in shares of Realty Income by 2.9% in 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 lifted its holdings in shares of Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 200 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of 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 worth $1,103,000 after buying an additional 200 shares in the last quarter. Smith Moore & CO. lifted its holdings in shares of Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Mizuho upped their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Finally, Wedbush restated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.15.

Realty Income Price Performance

NYSE O opened at $56.30 on Friday. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The stock has a 50-day moving average of $56.31 and a 200 day moving average of $55.73. The company has a market capitalization of $50.85 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 2.10 and a beta of 0.78. 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 data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $1.03 EPS. Realty Income’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

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.