FSA Investment Group LLC Takes $247,000 Position in Realty Income Co. (NYSE:O)

FSA Investment Group LLC purchased a new position in shares of Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,638 shares of the real estate investment trust's stock, valued at approximately $247,000. Realty Income comprises about 0.2% of FSA Investment Group LLC's investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC grew its position in Realty Income by 53.0% in the second quarter. Regal Investment Advisors LLC now owns 6,413 shares of the real estate investment trust's stock valued at $339,000 after acquiring an additional 2,221 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Realty Income by 51.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,262 shares of the real estate investment trust's stock valued at $701,000 after purchasing an additional 4,524 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Realty Income in the second quarter valued at approximately $8,200,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Realty Income by 117.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust's stock worth $33,303,000 after buying an additional 340,500 shares in the last quarter. Finally, First Financial Bank Trust Division bought a new position in shares of Realty Income in the 3rd quarter valued at $2,394,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

O has been the topic of a number of recent research reports. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. 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, Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.04.

Realty Income Trading Up 0.5 %

NYSE:O opened at $54.31 on Friday. The firm's 50 day moving average is $54.57 and its 200 day moving average is $58.43. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market capitalization of $47.53 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. 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 (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period last year, the company earned $1.02 earnings per share. Realty Income's revenue for the quarter was up 28.1% compared to the same quarter last year. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company 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 dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income's dividend payout ratio is currently 301.91%.

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.

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