Naviter Wealth LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Naviter Wealth LLC boosted its stake in Realty Income Co. (NYSE:O) by 20.6% during the fourth quarter, HoldingsChannel reports. The firm owned 40,428 shares of the real estate investment trust’s stock after buying an additional 6,919 shares during the period. Naviter Wealth LLC’s holdings in Realty Income were worth $2,332,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of O. Vanguard Group Inc. boosted its stake in Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Realty Income by 1.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after acquiring an additional 117,313 shares during the period. Northern Trust Corp increased its stake in Realty Income by 5.2% in the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock worth $457,633,000 after purchasing an additional 452,046 shares during the period. Legal & General Group Plc lifted its position in Realty Income by 0.5% in the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after purchasing an additional 47,437 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Realty Income by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust’s stock valued at $357,228,000 after purchasing an additional 407,538 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 1.4 %

Shares of Realty Income stock traded up $0.75 during trading on Monday, hitting $54.46. The company’s stock had a trading volume of 2,830,984 shares, compared to its average volume of 6,773,699. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a fifty day simple moving average of $52.65 and a two-hundred day simple moving average of $53.52. The company has a market capitalization of $46.90 billion, a PE ratio of 43.14, a P/E/G ratio of 5.57 and a beta of 0.92.

Realty Income (NYSE:O) last released 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 analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. Equities research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

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

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.