Realty Income Co. (NYSE:O) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its position in Realty Income Co. (NYSE:O) by 252.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,946 shares of the real estate investment trust’s stock after buying an additional 10,711 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Realty Income were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC raised its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at about $29,000. Manchester Capital Management LLC raised its stake in shares of Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 429 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in Realty Income during the third quarter worth about $30,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $55.26 on Friday. The company has a 50-day moving average of $52.83 and a 200-day moving average of $53.61. The company has a market capitalization of $47.59 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 5.73 and a beta of 0.92. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is presently 244.45%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Finally, Mizuho dropped their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $60.96.

About Realty Income

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.