Trust Investment Advisors Has $1.17 Million Stock Position in Realty Income Co. (NYSE:O)

Trust Investment Advisors grew its stake in Realty Income Co. (NYSE:O) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,925 shares of the real estate investment trust’s stock after acquiring an additional 2,071 shares during the period. Trust Investment Advisors’ holdings in Realty Income were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Lee Danner & Bass Inc. bought a new position in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC acquired a new position in shares of Realty Income during the fourth quarter valued at $32,000. Millstone Evans Group LLC bought a new position in Realty Income in the fourth quarter valued at about $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income in the fourth quarter worth about $37,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 1.1 %

Shares of NYSE:O opened at $55.64 on Wednesday. The firm has a market cap of $49.60 billion, a price-to-earnings ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company’s fifty day simple moving average is $55.65 and its 200 day simple moving average is $57.38. 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 (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.04.

About Realty Income

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.