Cary Street Partners Financial LLC Takes $390,000 Position in Realty Income Co. (NYSE:O)

Cary Street Partners Financial LLC acquired a new position in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,300 shares of the real estate investment trust’s stock, valued at approximately $390,000.

A number of other hedge funds have also recently added to or reduced their stakes in O. Caxton Associates LP raised its position in shares of Realty Income by 21.2% during the 4th quarter. Caxton Associates LP now owns 32,457 shares of the real estate investment trust’s stock worth $1,734,000 after purchasing an additional 5,681 shares during the period. Balyasny Asset Management L.P. grew its stake in Realty Income by 4,438.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 148,669 shares of the real estate investment trust’s stock worth $7,940,000 after buying an additional 145,393 shares during the last quarter. Benjamin Edwards Inc. increased its position in Realty Income by 1.0% in the fourth quarter. Benjamin Edwards Inc. now owns 205,891 shares of the real estate investment trust’s stock worth $10,996,000 after buying an additional 1,973 shares during the period. Ameriprise Financial Inc. lifted its stake in Realty Income by 2.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,231,942 shares of the real estate investment trust’s stock valued at $118,485,000 after buying an additional 58,991 shares during the last quarter. Finally, Alteri Wealth LLC acquired a new position in shares of Realty Income during the fourth quarter valued at $277,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.9 %

Shares of NYSE:O opened at $56.75 on Friday. The stock has a market capitalization of $50.61 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a 50 day moving average price of $56.55 and a 200 day moving average price of $55.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income’s payout ratio is 292.73%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Wedbush restated a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday. Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.77.

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.