Denver Wealth Management Inc. Has $1.01 Million Stock Position in Realty Income Co. (NYSE:O)

Denver Wealth Management Inc. lifted its stake in Realty Income Co. (NYSE:OFree Report) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 17,561 shares of the real estate investment trust’s stock after buying an additional 2,154 shares during the period. Realty Income comprises approximately 0.6% of Denver Wealth Management Inc.’s portfolio, making the stock its 29th biggest holding. Denver Wealth Management Inc.’s holdings in Realty Income were worth $1,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Panagora Asset Management Inc. boosted its stake in Realty Income by 33.7% during the first quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 6,433 shares in the last quarter. Blair William & Co. IL boosted its stake in Realty Income by 1.9% during the first quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after buying an additional 345 shares in the last quarter. Prudential PLC acquired a new stake in Realty Income during the first quarter worth $592,000. Baird Financial Group Inc. boosted its stake in Realty Income by 8.2% during the first quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after buying an additional 8,803 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Realty Income by 5.6% during the first quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 1,671 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $52.75 on Thursday. The stock has a market capitalization of $45.42 billion, a P/E ratio of 41.87, a P/E/G ratio of 5.49 and a beta of 0.92. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $52.96 and a two-hundred day moving average price of $53.28.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Equities analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.257 per share. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. The ex-dividend date is Friday, March 29th. Realty Income’s payout ratio is currently 244.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented 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. BMO Capital Markets assumed coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price on the stock in a research note on Wednesday, December 13th. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.96.

Read Our Latest Report on Realty Income

Realty Income Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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