MFA Wealth Advisors LLC Acquires New Shares in Realty Income Co. (NYSE:O)

MFA Wealth Advisors LLC acquired a new stake in Realty Income Co. (NYSE:O) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 625 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. American National Bank bought a new stake in shares of Realty Income in the fourth quarter valued at about $25,000. Vima LLC bought a new position in Realty Income in the fourth quarter worth about $25,000. Pacifica Partners Inc. raised its holdings in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Realty Income in the first quarter worth about $27,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

O traded up $0.36 during midday trading on Wednesday, hitting $60.92. 3,303,844 shares of the company were exchanged, compared to its average volume of 6,071,988. The company’s 50 day simple moving average is $56.35 and its 200 day simple moving average is $54.21. The firm has a market capitalization of $53.05 billion, a price-to-earnings ratio of 56.41, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $61.60. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $1.00 earnings per share. The firm’s revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be paid a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 291.67%.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Finally, Scotiabank boosted their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.73.

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.