Larson Financial Group LLC Acquires 1,809 Shares of Realty Income Co. (NYSE:O)

Larson Financial Group LLC increased its holdings in Realty Income Co. (NYSE:O) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,641 shares of the real estate investment trust’s stock after purchasing an additional 1,809 shares during the quarter. Larson Financial Group LLC’s holdings in Realty Income were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. AMF Tjanstepension AB bought a new stake in Realty Income in the fourth quarter valued at approximately $12,378,000. Oak Hill Wealth Advisors LLC increased its stake in shares of Realty Income by 178.8% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 10,630 shares of the real estate investment trust’s stock worth $568,000 after buying an additional 24,113 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in Realty Income during the 4th quarter valued at $233,000. Edgestream Partners L.P. purchased a new stake in Realty Income during the 4th quarter valued at $593,000. Finally, Marco Investment Management LLC grew its holdings in Realty Income by 5.0% in the 4th quarter. Marco Investment Management LLC now owns 65,223 shares of the real estate investment trust’s stock worth $3,484,000 after acquiring an additional 3,102 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. 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 report on Thursday, November 14th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $62.04.

Realty Income Price Performance

Shares of O opened at $58.48 on Monday. The firm’s 50-day simple moving average is $54.73 and its two-hundred day simple moving average is $57.83. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market cap of $52.14 billion, a PE ratio of 55.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. 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 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during 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%. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.268 dividend. 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 payout ratio is presently 327.55%.

Realty Income 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.