WealthShield Partners LLC Makes New Investment in Realty Income Co. (NYSE:O)

WealthShield Partners LLC purchased a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,607 shares of the real estate investment trust’s stock, valued at approximately $1,314,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of O. Allspring Global Investments Holdings LLC raised its position in Realty Income by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock worth $2,636,000 after acquiring an additional 677 shares in the last quarter. International Assets Investment Management LLC raised its position in Realty Income by 2,938.5% in the third quarter. International Assets Investment Management LLC now owns 301,572 shares of the real estate investment trust’s stock worth $19,126,000 after acquiring an additional 291,647 shares in the last quarter. Ballentine Partners LLC raised its position in Realty Income by 3.2% in the third quarter. Ballentine Partners LLC now owns 8,048 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 247 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Realty Income by 32.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,386 shares of the real estate investment trust’s stock worth $7,238,000 after acquiring an additional 28,210 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Realty Income by 21.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 20,461 shares of the real estate investment trust’s stock worth $1,298,000 after buying an additional 3,557 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Scotiabank cut their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Finally, Barclays cut their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.21.

Realty Income Price Performance

Shares of O opened at $57.28 on Tuesday. The company has a market capitalization of $50.13 billion, a price-to-earnings ratio of 54.55, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business’s 50-day moving average is $53.97 and its 200-day moving average is $58.03.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS 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%. Equities research analysts expect that Realty Income Co. will post 4.19 EPS 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 is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is presently 305.71%.

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.