Alpha Omega Wealth Management LLC Has $4.82 Million Position in Realty Income Co. (NYSE:O)

Alpha Omega Wealth Management LLC lessened its position in shares of Realty Income Co. (NYSE:O) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 90,324 shares of the real estate investment trust’s stock after selling 1,432 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Realty Income were worth $4,824,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Realty Income by 51.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust’s stock valued at $701,000 after buying an additional 4,524 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Realty Income in the 2nd quarter valued at $8,200,000. Massmutual Trust Co. FSB ADV lifted its stake in Realty Income by 3.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 16,858 shares of the real estate investment trust’s stock valued at $1,069,000 after acquiring an additional 524 shares in the last quarter. Czech National Bank grew its stake in shares of Realty Income by 6.9% in the 3rd quarter. Czech National Bank now owns 177,405 shares of the real estate investment trust’s stock worth $11,251,000 after acquiring an additional 11,471 shares in the last quarter. Finally, Silvia Mccoll Wealth Management LLC bought a new position in shares of Realty Income during the third quarter valued at about $219,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Barclays initiated coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.04.

Realty Income Trading Up 0.6 %

O opened at $54.64 on Friday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. 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’s fifty day moving average is $54.45 and its two-hundred day moving average is $58.39. The company has a market capitalization of $47.82 billion, a P/E ratio of 52.04, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $1.02 EPS. Analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

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.