101,900 Shares in Realty Income Co. (NYSE:O) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Realty Income Co. (NYSE:O) in the 4th quarter, HoldingsChannel.com reports. The firm bought 101,900 shares of the real estate investment trust’s stock, valued at approximately $5,442,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Tcfg Wealth Management LLC raised its position in shares of Realty Income by 2.9% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 186 shares in the last quarter. Romano Brothers AND Company increased its stake in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 200 shares during the last quarter. Bay Rivers Group raised its position in Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 200 shares in the last quarter. Howard Capital Management Inc. lifted its stake in Realty Income by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 229 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Realty Income by 2.1% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,190 shares of the real estate investment trust’s stock worth $598,000 after purchasing an additional 230 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O stock opened at $57.53 on Tuesday. 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 fifty day moving average of $54.34 and a 200 day moving average of $57.90. The firm has a market capitalization of $51.29 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is currently 327.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Barclays cut their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $61.81.

Realty Income 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.