FLC Capital Advisors Acquires Shares of 3,823 Realty Income Co. (NYSE:O)

FLC Capital Advisors bought a new stake in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,823 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Several other hedge funds have also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC grew its stake in Realty Income by 100,285.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust’s stock worth $547,028,000 after purchasing an additional 8,615,530 shares during the period. Norges Bank purchased a new stake in Realty Income in the fourth quarter worth $316,245,000. Vanguard Group Inc. grew its stake in Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares during the period. BlackRock Inc. grew its stake in Realty Income by 4.3% in the second quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock worth $3,697,446,000 after purchasing an additional 2,523,432 shares during the period. Finally, State Street Corp grew its stake in shares of Realty Income by 5.0% in the second quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock worth $3,100,637,000 after acquiring an additional 2,460,053 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

NYSE O traded up $0.33 during trading on Thursday, hitting $54.10. 6,309,751 shares of the stock traded hands, compared to its average volume of 7,284,803. The company has a market capitalization of $46.59 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 5.46 and a beta of 0.92. The firm has a 50-day simple moving average of $53.22 and a 200-day simple moving average of $53.32. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.257 dividend. This represents a dividend yield of 6%. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on O shares. BNP Paribas raised Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price on the stock in a research note on Wednesday, December 13th. Royal Bank of Canada upped their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus lowered their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.96.

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.