Dynamic Advisor Solutions LLC Boosts Holdings in Realty Income Co. (NYSE:O)

Dynamic Advisor Solutions LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,745 shares of the real estate investment trust’s stock after buying an additional 4,371 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Realty Income were worth $1,268,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Realty Income by 23.1% during the second quarter. AQR Capital Management LLC now owns 264,829 shares of the real estate investment trust’s stock valued at $13,835,000 after purchasing an additional 49,629 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Realty Income by 220.5% during the 2nd quarter. APG Asset Management N.V. now owns 105,968 shares of the real estate investment trust’s stock valued at $5,223,000 after buying an additional 72,900 shares in the last quarter. MBB Public Markets I LLC boosted its holdings in Realty Income by 279.8% in the 2nd quarter. MBB Public Markets I LLC now owns 60,815 shares of the real estate investment trust’s stock worth $3,212,000 after buying an additional 44,801 shares during the period. The Manufacturers Life Insurance Company increased its stake in Realty Income by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 602,672 shares of the real estate investment trust’s stock worth $31,833,000 after buying an additional 11,448 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Realty Income by 5.5% during the second quarter. Mackenzie Financial Corp now owns 97,156 shares of the real estate investment trust’s stock valued at $5,132,000 after acquiring an additional 5,090 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays initiated coverage on Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, Scotiabank reduced their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.12.

Realty Income Stock Performance

Shares of NYSE:O opened at $54.35 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $47.57 billion, a price-to-earnings ratio of 51.77, a PEG ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm’s 50-day moving average is $54.68 and its 200 day moving average is $58.43.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

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

Realty Income Company Profile

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.