Investor s Fiduciary Advisor Network LLC Takes Position in Realty Income Co. (NYSE:O)

Investor s Fiduciary Advisor Network LLC acquired a new stake in Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,642 shares of the real estate investment trust's stock, valued at approximately $4,307,000. Realty Income comprises approximately 1.6% of Investor s Fiduciary Advisor Network LLC's investment portfolio, making the stock its 10th largest holding.

Several other large investors have also added to or reduced their stakes in O. Raymond James Financial Inc. acquired a new position in shares of Realty Income in the fourth quarter valued at $553,572,000. Trust Co. of Vermont raised its holdings in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after acquiring an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after acquiring an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after purchasing an additional 74,185 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on O shares. Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average target price of $61.85.

Realty Income Trading Down 1.9%

Shares of O traded down $1.08 during mid-day trading on Tuesday, reaching $54.86. 1,891,849 shares of the company were exchanged, compared to its average volume of 5,624,448. 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 business has a 50 day simple moving average of $56.50 and a two-hundred day simple moving average of $55.85. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The stock has a market capitalization of $49.54 billion, a PE ratio of 52.25, a PEG ratio of 2.10 and a beta of 0.78.

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

Realty Income Announces Dividend

The company also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. Realty Income's payout ratio is 292.73%.

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.