Bard Financial Services Inc. Has $3.73 Million Position in Realty Income Co. (NYSE:O)

Bard Financial Services Inc. lessened its position in Realty Income Co. (NYSE:O) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,365 shares of the real estate investment trust’s stock after selling 2,440 shares during the quarter. Bard Financial Services Inc.’s holdings in Realty Income were worth $3,734,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Realty Income during the 4th quarter valued at $669,000. Empowered Funds LLC lifted its position in shares of Realty Income by 10.6% during the 4th quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust’s stock valued at $887,000 after acquiring an additional 1,598 shares during the period. Focus Financial Network Inc. lifted its position in shares of Realty Income by 10.7% during the 4th quarter. Focus Financial Network Inc. now owns 9,768 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 948 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its position in shares of Realty Income by 3.1% during the 4th quarter. Essex Financial Services Inc. now owns 15,588 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 471 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $57.32 on Wednesday. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The business has a 50-day simple moving average of $56.13 and a 200 day simple moving average of $55.56. 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 cap of $51.76 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 2.10 and a beta of 0.76.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (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 firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. Realty Income’s payout ratio is 292.73%.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Scotiabank upped their target price on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Wedbush reaffirmed a “neutral” rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group decreased their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. 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 report on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $61.15.

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.