Sowell Financial Services LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Sowell Financial Services LLC lifted its holdings in Realty Income Co. (NYSE:O - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,253 shares of the real estate investment trust's stock after acquiring an additional 16,555 shares during the period. Sowell Financial Services LLC's holdings in Realty Income were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Realty Income during the 4th quarter worth approximately $32,000. BankPlus Trust Department purchased a new position in Realty Income during the fourth quarter worth about $37,000. ST Germain D J Co. Inc. boosted its stake in shares of 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 worth $40,000 after buying an additional 567 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income during the 4th quarter worth $40,000. Finally, United Community Bank purchased a new position in Realty Income in the fourth quarter valued at about $43,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho dropped their price objective 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. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $62.04.

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Realty Income Trading Down 0.0 %

NYSE:O traded down $0.01 during trading hours on Monday, reaching $58.47. The company's stock had a trading volume of 7,572,503 shares, compared to its average volume of 5,197,777. 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 capitalization of $52.13 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 2.10 and a beta of 1.00. The firm has a 50-day simple moving average of $54.85 and a 200-day simple moving average of $57.81. 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 released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This is a positive change from Realty Income's previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income's dividend payout ratio is currently 327.55%.

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.