Edgemoor Investment Advisors Inc. Acquires 1,117 Shares of Realty Income Co. (NYSE:O)

Edgemoor Investment Advisors Inc. grew its holdings in shares of Realty Income Co. (NYSE:O) by 0.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 172,860 shares of the real estate investment trust’s stock after buying an additional 1,117 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Realty Income were worth $9,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in Realty Income during the fourth quarter worth about $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $32,000. BankPlus Trust Department bought a new position in shares of Realty Income in the fourth quarter valued at approximately $37,000. ST Germain D J Co. Inc. boosted its position in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares during the period. Finally, Luken Investment Analytics LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $40,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.7 %

O stock opened at $56.79 on Monday. The company has a market capitalization of $50.63 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company’s 50 day moving average price is $55.11 and its two-hundred day moving average price is $57.66. 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 posted its quarterly 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 business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 327.55%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of analyst reports. Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Scotiabank cut their price objective on shares of 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. Royal Bank of Canada cut 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, February 26th. Barclays raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.04.

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.