Evanson Asset Management LLC Purchases 1,000 Shares of Realty Income Co. (NYSE:O)

Evanson Asset Management LLC raised its holdings in Realty Income Co. (NYSE:O) by 22.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,535 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the quarter. Evanson Asset Management LLC’s holdings in Realty Income were worth $318,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of O. Compass Wealth Management LLC bought a new stake in shares of Realty Income in the 4th quarter worth approximately $25,000. CGC Financial Services LLC bought a new position in Realty Income in the second quarter worth $25,000. Stonebridge Capital Advisors LLC boosted its stake in Realty Income by 96.7% during the second quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 235 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $29,000. Finally, Manchester Capital Management LLC boosted its position in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.6 %

O stock traded up $0.32 during midday trading on Thursday, reaching $54.09. The stock had a trading volume of 6,316,955 shares, compared to its average volume of 7,284,884. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The firm has a market cap of $46.58 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 5.46 and a beta of 0.92. The business has a fifty day simple moving average of $53.15 and a two-hundred day simple moving average of $53.32.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 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 analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.257 per share. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. This represents a dividend yield of 6%. Realty Income’s payout ratio is presently 244.45%.

Analyst Upgrades and Downgrades

O has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research note on Wednesday, December 6th. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research note on Wednesday, December 13th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $60.96.

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.