LongView Wealth Management Raises Stock Position in Realty Income Co. (NYSE:O)

LongView Wealth Management lifted its stake in Realty Income Co. (NYSE:O - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,188 shares of the real estate investment trust's stock after purchasing an additional 9,878 shares during the period. LongView Wealth Management's holdings in Realty Income were worth $1,879,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Mutual of America Capital Management LLC grew its stake in Realty Income by 0.7% in the second quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust's stock worth $6,094,000 after purchasing an additional 778 shares during the period. Argent Trust Co grew its position in shares of Realty Income by 36.5% in the 2nd quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust's stock worth $312,000 after buying an additional 1,580 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Realty Income by 15.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 73,994 shares of the real estate investment trust's stock worth $3,726,000 after acquiring an additional 9,874 shares in the last quarter. Kentucky Retirement Systems increased its stake in shares of Realty Income by 3.9% in the 2nd quarter. Kentucky Retirement Systems now owns 65,618 shares of the real estate investment trust's stock worth $3,466,000 after acquiring an additional 2,461 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in Realty Income by 5.2% during the second quarter. Brighton Jones LLC now owns 5,941 shares of the real estate investment trust's stock worth $314,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays began coverage on Realty Income in a research note on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price objective for the company. Royal Bank of Canada dropped 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 note on Wednesday, November 6th. Wells Fargo & Company restated an "equal weight" rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Mizuho dropped their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $62.12.

Realty Income Stock Performance

Realty Income stock traded up $0.04 during midday trading on Friday, hitting $54.62. The stock had a trading volume of 5,341,328 shares, compared to its average volume of 5,116,269. 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 52-week low of $50.65 and a 52-week high of $64.88. The company has a market capitalization of $47.80 billion, a PE ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00. The firm's fifty day moving average is $54.92 and its two-hundred day moving average is $58.32.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.02 EPS. The company's quarterly revenue was up 28.1% on a year-over-year basis. On average, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.264 dividend. 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.