By otakuyassine3@gmail.com 
Cohen Investment Advisors LLC grew its holdings in shares of Realty Income Co. (NYSE:O – Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,221 shares of the real estate investment trust’s stock after buying an additional 1,280 shares during the period. Cohen Investment Advisors LLC’s holdings in Realty Income were worth $2,202,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in O. Mutual of America Capital Management LLC boosted its holdings in shares of Realty Income by 0.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust’s stock valued at $6,094,000 after buying an additional 778 shares in the last quarter. Argent Trust Co grew its holdings in Realty Income by 36.5% in the second quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 1,580 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Realty Income by 15.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 73,994 shares of the real estate investment trust’s stock valued at $3,726,000 after purchasing an additional 9,874 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Realty Income by 11.2% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 84,336 shares of the real estate investment trust’s stock worth $4,455,000 after purchasing an additional 8,467 shares in the last quarter. Finally, Kentucky Retirement Systems grew its stake in shares of Realty Income by 3.9% in the 2nd quarter. Kentucky Retirement Systems now owns 65,618 shares of the real estate investment trust’s stock worth $3,466,000 after buying an additional 2,461 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently commented on O. Barclays initiated coverage on Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. Mizuho reduced 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 note on Wednesday, January 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Scotiabank cut their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.12.
Read Our Latest Stock Analysis on Realty Income
Realty Income Stock Up 2.7 %
NYSE:O opened at $54.58 on Friday. 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 firm has a market cap of $47.77 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The company has a 50-day moving average of $55.01 and a 200 day moving average of $58.34. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.
Realty Income (NYSE:O – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. During the same quarter in the prior year, the business posted $1.02 earnings per share. The company’s revenue was up 28.1% compared to the same quarter last year. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.
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.
Further Reading
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