Wealth Enhancement Advisory Services LLC Acquires 104,126 Shares of Realty Income Co. (NYSE:O)

Wealth Enhancement Advisory Services LLC boosted its stake in Realty Income Co. (NYSE:O - Free Report) by 69.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 253,399 shares of the real estate investment trust's stock after buying an additional 104,126 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Realty Income were worth $13,534,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Realty Income in the 4th quarter worth about $553,572,000. Asset Management One Co. Ltd. increased its holdings in shares of Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after purchasing an additional 101,184 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after buying an additional 166,178 shares in the last quarter. Employees Retirement System of Texas boosted its stake in shares of Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after buying an additional 78,000 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after acquiring an additional 19,527 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.3%

NYSE:O traded down $0.17 on Wednesday, reaching $55.84. 1,913,026 shares of the stock traded hands, compared to its average volume of 5,181,557. The company's 50 day moving average is $56.21 and its 200-day moving average is $55.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The firm has a market capitalization of $50.43 billion, a price-to-earnings ratio of 53.18, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last released its 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. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Finally, Mizuho lifted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $61.15.

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.