Whipplewood Advisors LLC Invests $272,000 in Realty Income Co. (NYSE:O)

Whipplewood Advisors LLC purchased a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, Holdings Channel.com reports. The fund purchased 5,096 shares of the real estate investment trust’s stock, valued at approximately $272,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton lifted its position in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Sierra Ocean LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $32,000. BankPlus Trust Department acquired a new position in shares of Realty Income during the fourth quarter worth about $37,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on O shares. Barclays reduced their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday. Finally, UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $61.96.

Realty Income Stock Up 0.9 %

O stock opened at $56.59 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm’s 50-day simple moving average is $54.16 and its 200 day simple moving average is $57.97. The stock has a market cap of $49.52 billion, a PE ratio of 53.89, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released 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). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

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.