Magnolia Capital Advisors LLC Takes Position in Realty Income Co. (NYSE:O)

Magnolia Capital Advisors LLC acquired a new stake in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 19,143 shares of the real estate investment trust’s stock, valued at approximately $1,022,000.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont raised its stake in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income in the 3rd quarter worth approximately $896,000. Code Waechter LLC bought a new stake in Realty Income in the 3rd quarter worth approximately $1,308,000. Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 5.0% during 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 purchasing an additional 463,286 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after purchasing an additional 35,100 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of O stock opened at $54.64 on Monday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a market capitalization of $47.82 billion, a price-to-earnings ratio of 52.04, a P/E/G ratio of 1.96 and a beta of 1.00. The stock has a fifty day simple moving average of $54.45 and a two-hundred day simple moving average of $58.41. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued its 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). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays assumed coverage on Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. UBS Group cut 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. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income 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.