Tectonic Advisors LLC Increases Position in Realty Income Co. (NYSE:O)

Tectonic Advisors LLC raised its stake in Realty Income Co. (NYSE:O) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,834 shares of the real estate investment trust’s stock after buying an additional 7,849 shares during the quarter. Tectonic Advisors LLC’s holdings in Realty Income were worth $4,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abundance Wealth Counselors raised its position in Realty Income by 13.6% in the fourth quarter. Abundance Wealth Counselors now owns 6,021 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 719 shares during the period. Keystone Wealth Services LLC purchased a new stake in Realty Income in the 4th quarter valued at about $224,000. Powers Advisory Group LLC lifted its position in Realty Income by 5.5% in the fourth quarter. Powers Advisory Group LLC now owns 10,046 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 528 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Realty Income by 206.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 24,261 shares of the real estate investment trust’s stock worth $1,393,000 after buying an additional 16,352 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Realty Income by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 110,999 shares of the real estate investment trust’s stock valued at $6,374,000 after acquiring an additional 36,519 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on O. Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Mizuho decreased their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research note on Wednesday, December 6th. Finally, Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Up 0.8 %

Shares of NYSE O opened at $52.60 on Wednesday. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of 41.75, a price-to-earnings-growth ratio of 5.42 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average of $53.34 and a two-hundred day moving average of $53.34.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a $0.257 dividend. The ex-dividend date is Friday, March 29th. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. Realty Income’s payout ratio is 244.45%.

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.