Benjamin F. Edwards & Company Inc. Boosts Stock Holdings in Realty Income Co. (NYSE:O)

Benjamin F. Edwards & Company Inc. increased its position in shares of Realty Income Co. (NYSE:O) by 164.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,261 shares of the real estate investment trust’s stock after buying an additional 111,988 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Realty Income were worth $10,350,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC increased its position in shares of Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,677 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Realty Income by 82.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after acquiring an additional 5,231 shares in the last quarter. LexAurum Advisors LLC acquired a new position in Realty Income during the fourth quarter worth $203,000. Vest Financial LLC lifted its holdings in Realty Income by 50.3% during 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 purchasing an additional 180,974 shares in the last quarter. Finally, Sowell Financial Services LLC grew its position in shares of Realty Income by 21.0% in the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock valued at $1,224,000 after purchasing an additional 3,681 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

O has been the topic of a number of research reports. Mizuho decreased their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus dropped their price target 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. BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus target price of $60.96.

Realty Income Trading Up 0.6 %

O stock traded up $0.35 during trading on Friday, reaching $55.26. 7,908,110 shares of the stock were exchanged, compared to its average volume of 6,845,830. 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 firm has a market capitalization of $47.59 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 5.59 and a beta of 0.92. The business has a 50 day moving average price of $52.78 and a 200-day moving average price of $53.58. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS 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 analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. On average, research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio is presently 244.44%.

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.