Carnegie Investment Counsel Has $4.67 Million Holdings in Realty Income Co. (NYSE:O)

Carnegie Investment Counsel boosted its position in Realty Income Co. (NYSE:O - Free Report) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 87,452 shares of the real estate investment trust's stock after purchasing an additional 6,441 shares during the period. Carnegie Investment Counsel's holdings in Realty Income were worth $4,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of O. Rosenberg Matthew Hamilton lifted its stake in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares during the period. ST Germain D J Co. Inc. raised its holdings in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 567 shares during the period. Pacifica Partners Inc. raised its holdings in Realty Income by 89.2% in the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 437 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in Realty Income by 313.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 718 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on O. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Barclays began coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an "equal weight" rating and a $59.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report 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 on the stock in a report on Wednesday, January 8th. Finally, UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Realty Income presently has an average rating of "Hold" and an average target price of $62.12.

Realty Income Price Performance

NYSE:O traded up $0.04 during mid-day trading on Friday, reaching $54.62. The stock had a trading volume of 5,341,328 shares, compared to its average volume of 5,116,269. The stock has a 50-day simple moving average of $54.92 and a two-hundred day simple moving average of $58.32. The stock 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 company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12 month low of $50.65 and a 12 month 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 analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $1.02 earnings per share. The business's revenue was up 28.1% compared to the same quarter last year. On average, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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