New Age Alpha Advisors LLC Buys 154,990 Shares of Realty Income Co. (NYSE:O)

New Age Alpha Advisors LLC raised its stake in Realty Income Co. (NYSE:O - Free Report) by 60,780.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 155,245 shares of the real estate investment trust's stock after buying an additional 154,990 shares during the period. New Age Alpha Advisors LLC's holdings in Realty Income were worth $8,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in O. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income in the 4th quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in Realty Income during the fourth quarter worth $34,000. Finally, BankPlus Trust Department acquired a new position in Realty Income in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Shares of O stock traded up $1.04 during trading hours on Monday, hitting $57.65. 2,287,688 shares of the company's stock were exchanged, compared to its average volume of 5,267,791. The company has a market capitalization of $51.40 billion, a PE ratio of 54.92, a PEG ratio of 2.10 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 Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The business's 50 day simple moving average is $55.79 and its 200-day simple moving average is $57.24.

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Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. Finally, Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $62.04.

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.