LPL Financial LLC Purchases 59,516 Shares of Realty Income Co. (NYSE:O)

LPL Financial LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,090,335 shares of the real estate investment trust’s stock after acquiring an additional 59,516 shares during the quarter. LPL Financial LLC’s holdings in Realty Income were worth $111,645,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Realty Income during the 4th quarter worth $15,943,000. Mizuho Securities USA LLC boosted its holdings in shares of Realty Income by 46.9% during the 4th quarter. Mizuho Securities USA LLC now owns 82,950 shares of the real estate investment trust’s stock valued at $4,430,000 after purchasing an additional 26,479 shares during the last quarter. Virtu Financial LLC purchased a new position in Realty Income during the 4th quarter valued at approximately $945,000. Millstone Evans Group LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $34,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the 4th quarter worth $28,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE O opened at $55.64 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.60 billion, a price-to-earnings ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. The stock has a 50-day moving average of $55.65 and a 200 day moving average of $57.38. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Wall Street Analysts Forecast Growth

O has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Finally, Mizuho decreased 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. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.