Bowman & Co S.C. Makes New Investment in Realty Income Co. (NYSE:O)

Bowman & Co S.C. purchased a new stake in shares of Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,095 shares of the real estate investment trust's stock, valued at approximately $1,180,000.

Several other large investors have also made changes to their positions in O. ZWJ Investment Counsel Inc. grew its stake in Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock valued at $1,857,000 after acquiring an additional 164 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust grew its position in shares of Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock valued at $1,072,000 after purchasing an additional 170 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its position in shares of Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock worth $599,000 after buying an additional 176 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on O shares. Scotiabank cut their price target on Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday. Royal Bank of Canada reduced their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Barclays started coverage on shares of Realty Income in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $59.00 price objective for the company. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus target price of $62.12.

Realty Income Trading Up 0.1 %

Realty Income stock traded up $0.04 during trading hours on Friday, hitting $54.62. The company had a trading volume of 5,341,328 shares, compared to its average volume of 5,116,269. 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 firm has a market cap of $47.80 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00. The company has a 50-day moving average price of $54.92 and a two-hundred day moving average price of $58.37. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is presently 301.91%.

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.