Kingswood Wealth Advisors LLC Purchases 5,522 Shares of Realty Income Co. (NYSE:O)

Kingswood Wealth Advisors LLC raised its position in Realty Income Co. (NYSE:O) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,787 shares of the real estate investment trust’s stock after buying an additional 5,522 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Realty Income were worth $1,270,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in O. Parnassus Investments LLC grew its holdings in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC grew its stake in Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after buying an additional 242,786 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after acquiring an additional 3,112,560 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Price Performance

Realty Income stock opened at $56.03 on Tuesday. The stock’s 50 day moving average is $54.68 and its 200 day moving average is $58.46. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The firm has a market cap of $49.03 billion, a P/E ratio of 53.36, a P/E/G ratio of 1.93 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 (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 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 in the prior year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio is 301.91%.

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.