Alliance Wealth Advisors LLC UT Grows Holdings in Realty Income Co. (NYSE:O)

Alliance Wealth Advisors LLC UT increased its position in Realty Income Co. (NYSE:O) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,877 shares of the real estate investment trust’s stock after acquiring an additional 236 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Realty Income were worth $1,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. Daiwa Securities Group Inc. grew 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 buying an additional 117,313 shares in the last quarter. Northern Trust Corp grew its holdings in Realty Income by 5.2% during the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after buying an additional 452,046 shares in the last quarter. Legal & General Group Plc grew its holdings in Realty Income by 0.5% during the 3rd 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 buying an additional 47,437 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Realty Income by 6.0% during the 3rd 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 buying an additional 407,538 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.2 %

Realty Income stock traded down $0.09 during trading hours on Friday, reaching $53.71. The stock had a trading volume of 6,861,575 shares, compared to its average volume of 5,076,704. The company has a market cap of $46.25 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 5.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50 day moving average price is $52.65 and its 200-day moving average price is $53.48. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.00 EPS. The business’s revenue was up 21.1% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed 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 is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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