Financial Counselors Inc. Acquires 379 Shares of Realty Income Co. (NYSE:O)

Financial Counselors Inc. boosted its holdings in shares of Realty Income Co. (NYSE:O) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,641 shares of the real estate investment trust’s stock after buying an additional 379 shares during the period. Financial Counselors Inc.’s holdings in Realty Income were worth $324,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after purchasing an additional 4,172,231 shares in the last quarter. Morgan Stanley raised its position in Realty Income by 13.6% during the fourth quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock valued at $1,202,097,000 after purchasing an additional 2,273,591 shares in the last quarter. Geode Capital Management LLC raised its position in Realty Income by 0.6% during the first quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock valued at $912,560,000 after purchasing an additional 86,340 shares in the last quarter. JPMorgan Chase & Co. raised its position in Realty Income by 7.8% during the first quarter. JPMorgan Chase & Co. now owns 11,447,342 shares of the real estate investment trust’s stock valued at $724,847,000 after purchasing an additional 829,227 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Realty Income by 1.3% during the third quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after purchasing an additional 117,313 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.4 %

NYSE O opened at $52.02 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $44.80 billion, a PE ratio of 41.29, a PEG ratio of 5.40 and a beta of 0.92. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The business’s 50-day moving average is $52.63 and its 200 day moving average is $53.30.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on O shares. Mizuho lowered their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.96.

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.