Baugh & Associates LLC grew its position in shares of Realty Income Co. (NYSE:O) by 20.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 60,221 shares of the real estate investment trust’s stock after purchasing an additional 10,245 shares during the quarter. Realty Income accounts for 2.5% of Baugh & Associates LLC’s portfolio, making the stock its 20th largest position. Baugh & Associates LLC’s holdings in Realty Income were worth $3,824,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Koshinski Asset Management Inc. lifted its stake in Realty Income by 2.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 159 shares during the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Realty Income by 3.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,904 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 168 shares in the last quarter. Quad Cities Investment Group LLC grew its stake in shares of Realty Income by 1.4% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,663 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 172 shares during the period. Fiduciary Group LLC lifted its holdings in shares of Realty Income by 4.8% during the fourth quarter. Fiduciary Group LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 176 shares during the period. Finally, TrinityPoint Wealth LLC increased its position in shares of Realty Income by 3.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,604 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.
O stock traded up $0.20 during trading on Monday, reaching $67.22. 59,232 shares of the company were exchanged, compared to its average volume of 3,058,322. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 55.57, a P/E/G ratio of 4.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77. The company has a 50-day moving average of $63.10 and a two-hundred day moving average of $61.36. Realty Income Co. has a twelve month low of $47.68 and a twelve month high of $67.38.
The company also recently declared a monthly dividend, which will be paid on Friday, May 14th. Stockholders of record on Monday, May 3rd will be paid a dividend of $0.235 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, April 30th. Realty Income’s payout ratio is 84.94%.
A number of research analysts have commented on O shares. Morgan Stanley increased their price objective on Realty Income from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho upped their price objective on Realty Income from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, The Goldman Sachs Group began coverage on shares of Realty Income in a report on Friday, January 22nd. They set a “conviction-buy” rating for the company. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.78.
Realty Income Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
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