Waverly Advisors LLC Grows Holdings in Realty Income Co. (NYSE:O)

Waverly Advisors LLC grew its holdings in Realty Income Co. (NYSE:O - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,845 shares of the real estate investment trust's stock after purchasing an additional 5,774 shares during the period. Waverly Advisors LLC's holdings in Realty Income were worth $1,487,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pure Financial Advisors LLC bought a new position in Realty Income during the fourth quarter valued at about $268,000. Simon Quick Advisors LLC grew its position in shares of Realty Income by 18.2% in the fourth quarter. Simon Quick Advisors LLC now owns 3,972 shares of the real estate investment trust's stock valued at $212,000 after purchasing an additional 613 shares during the last quarter. Advisory Alpha LLC grew its position in shares of Realty Income by 9.4% in the fourth quarter. Advisory Alpha LLC now owns 4,232 shares of the real estate investment trust's stock valued at $226,000 after purchasing an additional 364 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of Realty Income by 18.5% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 462 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Realty Income by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 550,264 shares of the real estate investment trust's stock valued at $29,390,000 after purchasing an additional 22,422 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of NYSE O traded up $0.34 during trading hours on Tuesday, hitting $55.87. 1,000,007 shares of the stock were exchanged, compared to its average volume of 5,198,823. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $50.46 billion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The company's fifty day simple moving average is $56.20 and its two-hundred day simple moving average is $55.61. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on O shares. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Finally, UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Company 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.