OneAscent Financial Services LLC Invests $254,000 in Realty Income Co. (NYSE:O)

OneAscent Financial Services LLC acquired a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,749 shares of the real estate investment trust’s stock, valued at approximately $254,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Tcfg Wealth Management LLC raised its position in shares of Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 186 shares during the last quarter. Romano Brothers AND Company increased its stake in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 200 shares during the last quarter. Bay Rivers Group lifted its position in Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 200 shares during the period. Parkside Financial Bank & Trust boosted its stake in Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares during the last quarter. Finally, Howard Capital Management Inc. grew its holdings in Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 229 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE:O opened at $55.11 on Friday. The company has a market cap of $49.15 billion, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company’s fifty day moving average is $56.03 and its two-hundred day moving average is $57.12. 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 Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. 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 yield of 5.7%. Realty Income’s payout ratio is presently 328.57%.

Analyst Upgrades and Downgrades

O has been the topic of several recent analyst reports. Barclays increased their price objective 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. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Mizuho increased their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.42.

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.