Slagle Financial LLC Boosts Holdings in Realty Income Co. (NYSE:O)

Slagle Financial LLC grew its holdings in Realty Income Co. (NYSE:O) by 87.2% in the 4th quarter, HoldingsChannel reports. The firm owned 8,316 shares of the real estate investment trust’s stock after purchasing an additional 3,873 shares during the quarter. Slagle Financial LLC’s holdings in Realty Income were worth $478,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American National Bank acquired a new stake in Realty Income during the fourth quarter worth approximately $25,000. Vima LLC acquired a new stake in Realty Income during the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC raised its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. CVA Family Office LLC acquired a new stake in Realty Income during the fourth quarter worth approximately $29,000. Finally, Operose Advisors LLC acquired a new stake in Realty Income during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank lifted their target price on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. UBS Group cut their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday. They issued a “sector weight” rating on the stock. Finally, Mizuho lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $61.35.

Realty Income Price Performance

Shares of NYSE O traded up $0.15 during trading on Friday, hitting $53.37. 3,374,700 shares of the company were exchanged, compared to its average volume of 4,807,745. The company has a market cap of $46.47 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 4.67 and a beta of 0.94. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The firm’s fifty day moving average price is $53.50 and its 200 day moving average price is $54.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Realty Income’s quarterly revenue was up 33.5% on a year-over-year basis. On average, sell-side analysts expect that Realty Income Co. will post 4.18 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.263 dividend. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. This represents a yield of 6%. Realty Income’s payout ratio is presently 291.67%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the 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 of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.