First Citizens Bank & Trust Co. Acquires Shares of 3,767 Realty Income Co. (NYSE:O)

First Citizens Bank & Trust Co. acquired a new stake in shares of Realty Income Co. (NYSE:OFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,767 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Portside Wealth Group LLC acquired a new stake in shares of Realty Income in the second quarter valued at $695,000. Dynamic Advisor Solutions LLC increased its stake in shares of Realty Income by 6.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 6,339 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 403 shares in the last quarter. LexAurum Advisors LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at $203,000. Vest Financial LLC increased its stake in shares of Realty Income by 50.3% in the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after buying an additional 180,974 shares in the last quarter. Finally, Cohen Investment Advisors LLC increased its stake in shares of Realty Income by 449.1% in the fourth quarter. Cohen Investment Advisors LLC now owns 35,391 shares of the real estate investment trust’s stock valued at $2,032,000 after buying an additional 28,946 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Realty Income stock opened at $52.75 on Thursday. The firm has a market capitalization of $45.42 billion, a P/E ratio of 41.87, a PEG 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 business has a 50-day moving average of $52.96 and a 200-day moving average of $53.28. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:OGet Free Report) last released 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). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on O. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research report on Wednesday, December 6th. BMO Capital Markets began coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Stifel Nicolaus lowered their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, Mizuho lowered their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Check Out Our Latest Stock Report on O

Realty Income Company 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.

See Also

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

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