Whitaker Myers Wealth Managers LTD. Makes New $246,000 Investment in Realty Income Co. (NYSE:O)

Whitaker Myers Wealth Managers LTD. acquired a new position in Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,605 shares of the real estate investment trust's stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its position in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% in the third 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 last quarter. ST Germain D J Co. Inc. increased its stake in Realty Income by 306.5% in the fourth 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 last quarter. Pacifica Partners Inc. increased its stake in Realty Income by 89.2% in the third 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 last quarter. Finally, First Horizon Advisors Inc. increased its stake in Realty Income by 313.5% in the third 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 last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on O. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Thursday. Mizuho reduced their price objective 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. Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $62.12.

Realty Income Stock Up 0.1 %

O traded up $0.04 on Friday, hitting $54.62. The company had a trading volume of 5,341,328 shares, compared to its average volume of 5,116,269. 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 52-week low of $50.65 and a 52-week high of $64.88. The stock has a fifty day simple moving average of $54.92 and a 200-day simple moving average of $58.37. The firm has a market capitalization of $47.80 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (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 quarter in the previous year, the business posted $1.02 earnings per share. Realty Income's revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) 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.