Kestra Private Wealth Services LLC Acquires 10,711 Shares of Realty Income Co. (NYSE:O)

Kestra Private Wealth Services LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 252.9% during the fourth quarter, Holdings Channel reports. The fund owned 14,946 shares of the real estate investment trust’s stock after buying an additional 10,711 shares during the period. Kestra Private Wealth Services LLC’s holdings in Realty Income were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SVB Wealth LLC raised its holdings in Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 2,677 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Realty Income by 82.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares in the last quarter. LexAurum Advisors LLC bought a new position in Realty Income in the fourth quarter worth $203,000. Vest Financial LLC raised its holdings in Realty Income by 50.3% in the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock worth $31,037,000 after purchasing an additional 180,974 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in Realty Income by 21.0% in the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 3,681 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Realty Income Trading Up 0.6 %

Shares of NYSE:O opened at $55.26 on Friday. The business’s 50-day moving average is $52.83 and its 200 day moving average is $53.61. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The firm has a market capitalization of $47.59 billion, a P/E ratio of 43.86, a P/E/G ratio of 5.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O) last announced 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 for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated 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 $339,317.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.